HF Sinclair (NYSE:DINO) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of HF Sinclair (NYSE:DINO) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other equities analysts have also recently commented on DINO. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Scotiabank lifted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Barclays boosted their price objective on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Stock Performance

NYSE DINO opened at $85.57 on Monday. The company’s fifty day moving average is $77.92 and its two-hundred day moving average is $66.37. HF Sinclair has a 52-week low of $43.32 and a 52-week high of $94.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 8.17 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. Equities research analysts forecast that HF Sinclair will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.5%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 19.08%.

Insider Activity

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,672 shares of company stock valued at $1,710,500. 0.26% of the stock is owned by company insiders.

Institutional Trading of HF Sinclair

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at $26,000. REAP Financial Group LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth about $29,000. Clearstead Trust LLC acquired a new stake in shares of HF Sinclair during the 2nd quarter worth about $33,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair during the 4th quarter valued at about $36,000. Finally, Fairway Wealth LLC bought a new position in HF Sinclair during the 1st quarter valued at about $41,000. 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.