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Investing.com - Mizuho (NYSE:MFG) raised its price target on HF Sinclair (NYSE:DINO) to $52.00 from $50.00 on Friday, while maintaining an Outperform rating on the stock. The new target aligns with broader analyst sentiment, as InvestingPro data shows six analysts have recently revised their earnings estimates upward, with the stock currently trading at $43.55.
The price target increase follows HF Sinclair’s earnings beat, which was primarily driven by strong performance in its Refining segment. This strength more than offset weaker-than-expected results in the company’s Lubricants division and slightly lower-than-expected performance in Midstream and Marketing operations. The company, with a market capitalization of $8.15 billion, maintains strong liquidity with a current ratio of 1.82.
Mizuho highlighted that HF Sinclair’s Renewables segment outperformed expectations, noting the potential for incremental Production Tax Credit ( PTC (NASDAQ:PTC)) capture in the third quarter. The firm also pointed to continued improvement in operational performance, with increased utilization and lower costs across operations.
The refining business continues to benefit from strong distillate markets, with positive dynamics in the Mid-Continent region where HF Sinclair has significant exposure, according to Mizuho’s analysis.
In the medium term, Mizuho expects lower maintenance capital expenditures following the completion of a five-year turnaround cycle, which should increase free cash flow and further support cash returns to shareholders. The company already offers an attractive 4.59% dividend yield and has maintained dividend payments for 38 consecutive years. For deeper insights into HF Sinclair’s financial health and growth potential, check out the comprehensive analysis available on InvestingPro.
In other recent news, HF Sinclair Corporation reported strong earnings for the second quarter of 2025. The company achieved an adjusted earnings per share (EPS) of $1.70, which significantly exceeded analyst expectations of $1.05, resulting in a 61.9% surprise. Revenue for the quarter was reported at $6.78 billion, aligning with projections. These results highlight the company’s ability to outperform in terms of earnings, while revenue met the anticipated figures. Additionally, the company’s performance has been noted in the context of recent developments. Analyst firms have not made any recent upgrades or downgrades regarding HF Sinclair, focusing instead on the company’s earnings performance. The company continues to be a point of interest for investors, given its recent financial results.
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