HF Sinclair (NYSE:DINO) Reaches New 12-Month High - Should You Buy?

Key Points

• HF Sinclair shares reached a new 52-week high of $94.27, with the stock supported by strong momentum and trading above its 50-day and 200-day moving averages.
• The company reported better-than-expected quarterly results, including $5.31 in EPS versus the $4.49 consensus estimate and revenue of $10.39 billion, up 53.2% year over year.
• Analysts maintain a consensus “Moderate Buy” rating, though the $81.25 average price target is below the current share price. HF Sinclair also raised its quarterly dividend to $0.525 per share, implying a 2.2% annual yield.

HF Sinclair Corporation (NYSE:DINO - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $94.27 and last traded at $93.67, with a volume of 5423 shares. The stock had previously closed at $93.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DINO shares. Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Barclays upped their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Scotiabank lifted their target price on HF Sinclair from $53.00 to $54.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. TD Cowen boosted their target price 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. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

HF Sinclair Stock Performance

The firm has a fifty day moving average price of $79.05 and a 200 day moving average price of $67.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The stock has a market cap of $16.69 billion, a PE ratio of 8.93 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm's revenue for the quarter was up 53.2% on a year-over-year basis. Research analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, August 11th. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio (DPR) is 20.04%.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction dated 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 approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,672 shares of company stock valued at $1,020,000 in the last ninety days. Company insiders own 0.26% of the company's stock.

Institutional Trading of HF Sinclair

Several institutional investors have recently bought and sold shares of the business. Clearstead Trust LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $33,000. REAP Financial Group LLC purchased a new stake in HF Sinclair in the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the first quarter worth $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 acquired a new stake in shares of HF Sinclair in the first quarter valued at about $54,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source