HF Sinclair (NYSE:DINO) Hits New 1-Year High – Here’s Why

HF Sinclair Corporation (NYSE:DINO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $88.74 and last traded at $88.0930, with a volume of 6190 shares. The stock had previously closed at $88.59.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. Scotiabank lifted their price objective 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. TD Cowen boosted their target price on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of HF Sinclair in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $76.75.

HF Sinclair Trading Up 1.4%

The firm has a market capitalization of $16.53 billion, a P/E ratio of 13.79 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $72.55 and its 200-day simple moving average is $62.26.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. Analysts anticipate that HF Sinclair Corporation will post 10.27 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 30.08%.

Insider Buying and Selling at HF Sinclair

In other news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the transaction, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of DINO. V Square Quantitative Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $29,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $36,000. Fairway Wealth LLC bought a new position in shares of HF Sinclair during the first quarter valued at approximately $41,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair during the second quarter valued at approximately $41,000. Institutional investors 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.