Raymond James Financial Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its price objective lifted by research analysts at Raymond James Financial from $66.00 to $75.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price points to a potential upside of 22.83% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets lowered their target price 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. Barclays reduced their price target on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Mizuho boosted their price target on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Finally, Argus raised shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.18.

HF Sinclair Stock Down 0.6%

Shares of DINO traded down $0.38 during trading hours on Wednesday, hitting $61.06. The stock had a trading volume of 896,450 shares, compared to its average volume of 3,101,105. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $62.46. The firm has a market capitalization of $11.01 billion, a P/E ratio of 19.95 and a beta of 0.83. The firm has a 50 day simple moving average of $54.14 and a 200-day simple moving average of $52.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.02) EPS. Sell-side analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Vanguard Group Inc. lifted its stake in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after purchasing an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP increased its position in HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after buying an additional 560,194 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after buying an additional 48,103 shares during the last quarter. State Street Corp raised its stake in shares of HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after buying an additional 22,150 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of HF Sinclair by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after buying an additional 523,709 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.