HF Sinclair (NYSE:DINO) Sets New 1-Year High - Time to Buy?

Key Points

• HF Sinclair Corporation reached a new 52-week high of $53.64, trading 106,085 shares, with a last trade of $53.54.
• Analysts have mostly positive outlooks for HF Sinclair, with numerous upgrades raising price targets, including Goldman Sachs increasing theirs from $54 to $61.
• The company reported a $1.70 EPS for the last quarter, exceeding expectations, despite a 13.5% decrease in revenue compared to the previous year.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $53.64 and last traded at $53.54, with a volume of 106085 shares trading hands. The stock had previously closed at $52.41.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Mizuho increased their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Wells Fargo & Company increased their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Finally, Piper Sandler increased their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.25.

HF Sinclair Stock Performance

The firm has a fifty day simple moving average of $47.34 and a 200-day simple moving average of $39.37. The company has a market cap of $9.96 billion, a PE ratio of -115.75 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

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

HF Sinclair Announces Dividend

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

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kiker Wealth Management LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at about $32,000. Johnson Financial Group Inc. purchased a new stake in shares of HF Sinclair in the second quarter valued at about $33,000. West Oak Capital LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at about $38,000. State of Wyoming purchased a new stake in shares of HF Sinclair in the second quarter valued at about $41,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of HF Sinclair in the first quarter valued at about $35,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

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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