HF Sinclair (NYSE:DINO) Upgraded to “Hold” at Argus

HF Sinclair (NYSE:DINO) was upgraded by stock analysts at Argus to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Piper Sandler lowered their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. BMO Capital Markets dropped their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday. Finally, Barclays decreased their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average target price of $58.73.

HF Sinclair Trading Up 1.8%

NYSE DINO opened at $50.76 on Tuesday. The firm’s fifty day moving average is $50.87 and its two-hundred day moving average is $51.20. HF Sinclair has a one year low of $24.66 and a one year high of $59.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The firm has a market cap of $9.34 billion, a PE ratio of 16.53 and a beta of 0.87.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.02) earnings per share. Analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in HF Sinclair in the second quarter valued at about $1,851,000. Convergence Investment Partners LLC bought a new position in HF Sinclair during the 3rd quarter worth approximately $1,408,000. Charles Schwab Investment Management Inc. increased its holdings in shares of HF Sinclair by 5.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after acquiring an additional 298,735 shares during the last quarter. Diversified Trust Co raised its position in shares of HF Sinclair by 211.5% during the 3rd quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock valued at $2,382,000 after acquiring an additional 30,901 shares in the last quarter. Finally, RWC Asset Management LLP lifted its stake in HF Sinclair by 30.3% during the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after purchasing an additional 33,394 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.