HF Sinclair (NYSE:DINO) Sets New 12-Month High – Time to Buy?

HF Sinclair Corporation (NYSE:DINO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.67 and last traded at $108.7640, with a volume of 134508 shares. The stock had previously closed at $105.41.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DINO. TD Cowen upped their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. UBS Group restated a “buy” rating and set a $126.00 target price on shares of HF Sinclair in a report on Tuesday. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Freedom Capital lowered HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company raised their price objective on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.25.

HF Sinclair Stock Performance

The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 10.40 and a beta of 0.71. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $89.05 and a 200-day moving average of $72.15.

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

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 1.9%. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were 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 in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtus Investment Advisers LLC boosted its position in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares during the last quarter. Blue Trust Inc. grew its position in shares of HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after purchasing an additional 228 shares in the last quarter. Unison Advisors LLC grew its position in shares of HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after purchasing an additional 234 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after purchasing an additional 234 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.