HF Sinclair (NYSE:DINO) Reaches New 12-Month High – What’s Next?

HF Sinclair Corporation (NYSE:DINO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $100.13 and last traded at $101.7990, with a volume of 6251 shares traded. The stock had previously closed at $99.71.

Analyst Ratings Changes

A number of research firms have recently commented on DINO. Barclays lifted their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. TD Cowen upped their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. UBS Group raised their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Finally, Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Price Performance

The firm has a market cap of $18.06 billion, a P/E ratio of 9.70 and a beta of 0.70. The stock’s 50-day moving average is $84.56 and its 200-day moving average is $70.18. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. As a group, equities analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at approximately $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. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the business. Kingsview Wealth Management LLC raised its stake in shares of HF Sinclair by 1,451.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after buying an additional 57,391 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in HF Sinclair in the fourth quarter valued at approximately $6,194,000. BlackRock Inc. bought a new position in HF Sinclair in the second quarter valued at approximately $1,291,602,000. Energy Income Partners LLC bought a new position in HF Sinclair in the second quarter valued at approximately $5,210,000. Finally, Hillsdale Investment Management Inc. grew its holdings in HF Sinclair by 317.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock worth $3,871,000 after acquiring an additional 63,900 shares during the period. 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.