HF Sinclair (NYSE:DINO) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of HF Sinclair (NYSE:DINO) from a buy rating to a strong-buy rating in a research report released on Saturday.

DINO has been the topic of several other research reports. Raymond James Financial upped their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. TD Cowen upped their target price on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. Barclays upped their target price on HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Finally, Morgan Stanley set a $69.00 target price on HF Sinclair in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $69.91.

HF Sinclair Stock Performance

Shares of DINO stock opened at $72.38 on Friday. The stock has a fifty day moving average price of $59.43 and a 200 day moving average price of $54.36. The stock has a market cap of $13.05 billion, a PE ratio of 10.88 and a beta of 0.72. HF Sinclair has a 1 year low of $33.96 and a 1 year high of $74.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 1.79.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) earnings per share. Sell-side analysts forecast that HF Sinclair will post 8.62 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

Institutional Trading of HF Sinclair

A number of large investors have recently made changes to their positions in DINO. Goldman Sachs Group Inc. boosted its stake in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after acquiring an additional 119,832 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after acquiring an additional 8,102 shares during the last quarter. Amundi boosted its stake in shares of HF Sinclair by 7.7% during the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after acquiring an additional 12,387 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of HF Sinclair during the second quarter valued at $209,000. Finally, Cerity Partners LLC boosted its stake in shares of HF Sinclair by 25.7% during the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after acquiring an additional 29,635 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

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.