HF Sinclair (NYSE:DINO) Reaches New 12-Month High - Here's Why

Key Points

• HF Sinclair shares reached a new 52-week high at $51.52, marking significant trading activity with a volume of 182,159 shares.
• Analysts have mixed opinions on the stock, with a consensus rating of Moderate Buy and a target price of $50.55, while several firms have adjusted their price targets upwards.
• The company recently declared a $0.50 quarterly dividend with a yield of 3.9%, scheduled for payment on September 4th, despite a negative balance sheet indicator with a payout ratio of -434.78%.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $51.52 and last traded at $51.48, with a volume of 182159 shares trading hands. The stock had previously closed at $50.88.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target on the stock in a report on Tuesday, July 15th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. TD Cowen boosted their price objective on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. UBS Group raised their target price on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Morgan Stanley upped their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $50.55.

HF Sinclair Trading Down 0.9%

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The company's 50 day moving average is $45.59 and its two-hundred day moving average is $37.98. The firm has a market cap of $9.56 billion, a P/E ratio of -111.07 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm's revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, sell-side analysts predict 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 paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. HF Sinclair's payout ratio is currently -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company's stock.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC bought a new position in HF Sinclair during the first quarter worth about $421,000. Pacific Heights Asset Management LLC lifted its position in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock worth $7,891,000 after buying an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in HF Sinclair by 72.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after acquiring an additional 21,597 shares during the period. Principal Financial Group Inc. grew its position in HF Sinclair by 2.2% in the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after acquiring an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of HF Sinclair by 7.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after acquiring an additional 9,070 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

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.