HF Sinclair (NYSE:DINO) Stock Price Up 5.5% – What’s Next?

HF Sinclair Corporation (NYSE:DINO) shot up 5.5% during trading on Wednesday . The company traded as high as $78.10 and last traded at $78.0240. 404,526 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 2,645,876 shares. The stock had previously closed at $73.94.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Mizuho reaffirmed a “neutral” rating and issued a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. UBS Group increased their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Morgan Stanley raised their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.55.

HF Sinclair Stock Up 4.7%

The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 11.67 and a beta of 0.72. The business’s 50 day moving average price is $69.55 and its 200 day moving average price is $59.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the business posted ($0.27) EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that HF Sinclair Corporation will post 9.46 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. HF Sinclair’s dividend payout ratio is 30.08%.

Insider Activity

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired 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 owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in HF Sinclair in the 4th quarter worth $26,000. REAP Financial Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $29,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $36,000. Fairway Wealth LLC acquired a new stake in shares of HF Sinclair in the first quarter valued at about $41,000. Finally, State of Wyoming acquired a new stake in shares of HF Sinclair in the second quarter valued at about $41,000. Hedge funds and other 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.