HF Sinclair (NYSE:DINO) Sets New 12-Month High After Analyst Upgrade

Key Points

• HF Sinclair's stock recently reached a new 52-week high of $52.94, signaling significant investor interest and upward momentum.
• Analysts have raised their price targets for HF Sinclair, with projections ranging from $43.00 to $61.00, and the stock currently holds an average rating of "Moderate Buy."
• The company reported a quarterly EPS of $1.70, exceeding estimates, but experienced a year-over-year revenue decline of 13.5% to $6.78 billion.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) shares reached a new 52-week high during trading on Tuesday after Piper Sandler raised their price target on the stock from $51.00 to $59.00. Piper Sandler currently has a neutral rating on the stock. HF Sinclair traded as high as $52.94 and last traded at $52.92, with a volume of 126367 shares traded. The stock had previously closed at $51.08.

DINO has been the topic of a number of other research reports. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday. UBS Group boosted 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, Wells Fargo & Company boosted their target price on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.82.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company's stock valued at $255,764,000 after purchasing an additional 298,735 shares during the last quarter. AQR Capital Management LLC grew its holdings in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Geode Capital Management LLC grew its holdings in HF Sinclair by 1.0% in the second quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company's stock valued at $118,969,000 after purchasing an additional 27,548 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in HF Sinclair by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock valued at $83,638,000 after purchasing an additional 36,592 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.56 billion, a price-to-earnings ratio of -111.11 and a beta of 1.07. The company has a fifty day simple moving average of $46.43 and a two-hundred day simple moving average of $38.51.

HF Sinclair (NYSE:DINO - Get Free Report) last posted 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. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. HF Sinclair's revenue was down 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio is currently -434.78%.

HF Sinclair Company Profile

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.