HF Sinclair (NYSE:DINO) Sets New 52-Week High – Here’s Why

HF Sinclair Corporation (NYSE:DINO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $94.27 and last traded at $93.67, with a volume of 5423 shares changing hands. The stock had previously closed at $93.67.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank upped their price target on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Morgan Stanley increased their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Two analysts have 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. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Trading Up 0.2%

The business’s 50-day moving average price is $79.05 and its 200-day moving average price is $67.24. The firm has a market capitalization of $16.69 billion, a PE ratio of 8.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

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

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a $0.525 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Insiders Place Their Bets

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the company’s 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 completion of the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at $824,937.75. This represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the sale, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,672 shares of company stock valued at $1,020,000. 0.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DINO. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the 4th quarter worth $29,000. Clearstead Trust LLC purchased a new position in HF Sinclair during the second quarter worth about $33,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at about $36,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the first quarter valued at about $41,000. Finally, State of Wyoming purchased a new stake in HF Sinclair in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.