HF Sinclair (NYSE:DINO) Reaches New 1-Year High Following Analyst Upgrade

Key Points

• HF Sinclair shares reached a new 52-week high after Mizuho upgraded their price target from $52.00 to $60.00, reflecting an outperform rating on the stock.
• The company recently reported an EPS of $1.70 for the last quarter, surpassing estimates by $0.61, though revenue decreased by 13.5% year-over-year.
• HF Sinclair declared a quarterly dividend of $0.50 per share, resulting in a 3.8% dividend yield for shareholders.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) hit a new 52-week high during trading on Tuesday after Mizuho raised their price target on the stock from $52.00 to $60.00. Mizuho currently has an outperform rating on the stock. HF Sinclair traded as high as $53.33 and last traded at $52.98, with a volume of 376158 shares. The stock had previously closed at $51.64.

DINO has been the topic of a number of other reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Barclays upped their price objective on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler raised their target price on HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kiker Wealth Management LLC bought a new position in HF Sinclair in the second quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new position in HF Sinclair in the 2nd quarter worth approximately $33,000. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the 1st quarter worth approximately $35,000. West Oak Capital LLC acquired a new stake in HF Sinclair in the 2nd quarter valued at approximately $38,000. Finally, Allworth Financial LP boosted its position in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 2.0%

The firm has a market capitalization of $9.85 billion, a PE ratio of -114.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The company's 50-day moving average price is $46.58 and its 200-day moving average price is $38.65.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the business posted $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% on a year-over-year basis. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio is -434.78%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.

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