HF Sinclair (NYSE:DINO) Reaches New 52-Week 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 stock traded as high as $117.70 and last traded at $117.72, with a volume of 5638915 shares. The stock had previously closed at $115.90.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of HF Sinclair from $105.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Raymond James Financial boosted their price target on HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. 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 assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $94.25.

HF Sinclair Price Performance

The stock has a market capitalization of $20.51 billion, a PE ratio of 11.04 and a beta of 0.71. The firm’s fifty day moving average price is $95.63 and its two-hundred day moving average price is $75.96. 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 posted its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The business 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 firm’s revenue was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities analysts predict that HF Sinclair Corporation will post 17.51 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. Investors of record on Tuesday, August 11th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Several large investors have recently added to or reduced their stakes in DINO. Clearstead Trust LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $33,000. REAP Financial Group LLC bought a new position in HF Sinclair in the 4th quarter worth $29,000. Fairway Wealth LLC purchased a new position in HF Sinclair during the first quarter valued at $41,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $36,000. Finally, Main Street Group LTD bought a new stake in HF Sinclair during the first quarter valued at about $54,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.