HF Sinclair (NYSE:DINO) Upgraded at Wall Street Zen

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

Several other analysts have also recently issued reports on DINO. Scotiabank raised HF Sinclair to a “hold” rating in a research note on Friday, March 27th. Wells Fargo & Company raised their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Barclays cut their target price 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. TD Cowen raised their target price on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.00.

HF Sinclair Stock Up 0.6%

NYSE DINO opened at $61.08 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The stock has a market capitalization of $11.01 billion, a PE ratio of 19.90 and a beta of 0.70. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $64.70. The business’s 50-day moving average is $56.37 and its 200 day moving average is $52.97.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned ($1.02) earnings per share. Sell-side analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.3%. HF Sinclair’s dividend payout ratio (DPR) is 65.15%.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CI Investments Inc. lifted its holdings in HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the period. Virtus Investment Advisers LLC lifted its holdings in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after buying an additional 195 shares during the period. D.A. Davidson & CO. lifted its holdings in HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after buying an additional 210 shares during the period. Unison Advisors LLC lifted its holdings in HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after buying an additional 221 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.