Mizuho Raises HF Sinclair (NYSE:DINO) Price Target to $69.00

HF Sinclair (NYSE:DINO) had its target price boosted by equities research analysts at Mizuho from $63.00 to $69.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 17.96% from the company’s previous close.

Several other analysts have also recently issued reports on DINO. Scotiabank cut shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $62.00 to $53.00 in a research note on Wednesday, February 18th. Argus raised HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. TD Cowen raised their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Wall Street Zen downgraded shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Finally, BMO Capital Markets cut their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.27.

HF Sinclair Trading Up 3.4%

NYSE DINO traded up $1.91 during trading hours on Tuesday, hitting $58.50. 1,300,191 shares of the company’s stock were exchanged, compared to its average volume of 3,063,688. The business’s 50 day moving average is $52.86 and its 200-day moving average is $51.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $59.33. The firm has a market capitalization of $10.55 billion, a P/E ratio of 19.03 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.02) EPS. As a group, analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently modified their holdings of the stock. CI Investments Inc. lifted its holdings in HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter. Virtus Investment Advisers LLC increased its stake in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the period. D.A. Davidson & CO. raised its position in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares during the last quarter. Unison Advisors LLC raised its position in shares of HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after acquiring an additional 218 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.