HF Sinclair (NYSE:DINO) Sets New 12-Month High - Here's What Happened

Key Points

• HF Sinclair reached a new 52-week high, trading around $100, up 1.9% during the session. Its shares are well above the 50-day and 200-day moving averages.
• The company reported strong quarterly results, with EPS of $5.31 beating estimates of $4.49 and revenue rising 53.2% year over year to $10.39 billion.
• HF Sinclair raised its quarterly dividend from $0.50 to $0.525, equivalent to an annualized $2.10 payout and a 2.1% yield. Analysts maintain a “Moderate Buy” consensus, though their average $81.25 price target is below the current share price.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $100.13 and last traded at $101.7990, with a volume of 6251 shares traded. The stock had previously closed at $99.71.

Analyst Ratings Changes

Several equities analysts have weighed in on DINO shares. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Morgan Stanley lifted their price target on HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, June 12th. Finally, UBS Group upped their price target on HF Sinclair from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

HF Sinclair Trading Up 1.9%

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 company has a market cap of $18.06 billion, a PE ratio of 9.70 and a beta of 0.70. The business's 50-day simple moving average is $84.56 and its 200-day simple moving average is $70.18.

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

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair's dividend payout ratio is presently 20.04%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director directly owned 16,543 shares of the company's stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy purchased 1,508 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in HF Sinclair in the second quarter worth $33,000. REAP Financial Group LLC bought a new position in HF Sinclair during the fourth quarter valued at about $29,000. Fairway Wealth LLC bought a new position in HF Sinclair during the first quarter valued at about $41,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter worth about $36,000. Finally, Main Street Group LTD acquired a new stake in shares of HF Sinclair in the first quarter worth about $54,000. Institutional investors and hedge funds own 88.29% of the company's stock.

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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