HF Sinclair (NYSE:DINO) Reaches New 1-Year High - What's Next?

Key Points

• HF Sinclair reached a new 52-week high, trading as high as $109.67, up from its prior close of $105.41. The stock’s average analyst rating is “Moderate Buy,” though the average price target of $87.25 trails its current price.
• The company reported strong quarterly results, with EPS of $5.31 beating estimates of $4.49 and revenue of $10.39 billion surpassing expectations. Revenue rose 53.2% year over year, while analysts expect full-year EPS of approximately $11.85.
• HF Sinclair increased its quarterly dividend to $0.525 per share, or $2.10 annually, producing a 1.9% yield. Institutional investors own 88.29% of the company, led by new or expanded positions from BlackRock and California State Teachers Retirement System.

HF Sinclair Corporation (NYSE:DINO - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $109.67 and last traded at $108.7640, with a volume of 134508 shares trading hands. The stock had previously closed at $105.41.

Wall Street Analyst Weigh In

DINO has been the topic of several recent analyst reports. Raymond James Financial set a $105.00 target price on HF Sinclair in a research note on Wednesday, July 29th. Wells Fargo & Company increased their price objective on HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 1st. Mizuho lifted their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Freedom Capital cut HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, UBS Group reaffirmed a "buy" rating and issued a $126.00 price target on shares of HF Sinclair in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.25.

HF Sinclair Stock Performance

The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $19.37 billion, a P/E ratio of 10.40 and a beta of 0.71. The business's 50 day simple moving average is $89.05 and its two-hundred day simple moving average is $72.15.

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

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.9%. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is presently 20.04%.

Insider Buying and Selling at HF Sinclair

In related news, Director Rhoman Hardy acquired 1,508 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. The trade was a 11.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of HF Sinclair

Several hedge funds have recently modified their holdings of DINO. BlackRock Inc. purchased a new position in HF Sinclair during the 2nd quarter valued at $1,291,602,000. California State Teachers Retirement System increased its stake in HF Sinclair by 6,576.6% in the second quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company's stock worth $861,977,000 after purchasing an additional 12,190,470 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock worth $577,114,000 after purchasing an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock worth $293,260,000 after purchasing an additional 48,103 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company's stock valued at $283,027,000 after purchasing an additional 22,150 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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.

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