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Investing.com - Mizuho (NYSE:MFG) raised its price target on HF Sinclair (NYSE:DINO) to $50.00 from $47.00 on Tuesday, while maintaining an Outperform rating on the stock. The company, currently trading at $44.22, has seen a strong YTD return of 30% and offers a 4.52% dividend yield. According to InvestingPro data, four analysts have recently revised their earnings estimates upward for the upcoming period.
The price target increase reflects better near-term assumptions for refining capture rates, according to Mizuho’s research note.
Mizuho expects HF Sinclair to beat current consensus estimates for the second quarter of 2025, with projected EBITDA, free cash flow, and EPS beats of 6%, 7%, and 5%, respectively.
The firm attributes the anticipated outperformance to the refining segment, which benefited from sequential improvement in margins and volumes. Refining margins improved due to higher indicator margins and slightly higher capture rates, while volumes increased seasonally and due to lighter turnaround activity.
Mizuho noted that while the Midstream and Marketing segments likely performed in line with the first quarter, the Lubricants segment faced FIFO headwinds and Renewable Diesel continued to operate in a challenging environment, with both segments likely showing lower performance quarter-over-quarter.
In other recent news, HF Sinclair has been the focus of several analyst reviews and strategic developments. Raymond (NSE:RYMD) James upgraded HF Sinclair to a Strong Buy, citing solid earnings performance expectations for the second half of 2025 and improved refinery reliability. In contrast, Wolfe Research downgraded the company to Underperform, expressing concerns about seasonal volatility and tighter crude spreads. Morgan Stanley (NYSE:MS) reiterated its Overweight rating, predicting a 45% increase in the refining index compared to the first quarter, despite challenges in the Renewables segment. Barclays (LON:BARC) raised its price target to $43, citing an improved profitability outlook for refining, but cautioned about regulatory uncertainties in Renewables. Additionally, HF Sinclair announced a dual listing on NYSE Texas while maintaining its primary listing on the New York Stock Exchange. This move highlights the company’s support for Texas’s business-friendly environment and expanding capital markets infrastructure. These developments reflect varied analyst perspectives and strategic positioning as HF Sinclair navigates its market environment.
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