HF Sinclair (NYSE:DINO) Stock Price Up 5.5% – Still a Buy?

Shares of HF Sinclair Corporation (NYSE:DINO) shot up 5.5% on Wednesday . The company traded as high as $78.10 and last traded at $78.0240. Approximately 404,526 shares were traded during trading, a decline of 85% from the average daily volume of 2,645,876 shares. The stock had previously closed at $73.94.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Morgan Stanley upped their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Barclays upped their price objective on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.55.

HF Sinclair Trading Up 1.0%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The business has a fifty day moving average of $70.18 and a 200-day moving average of $60.05. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 11.80 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the company earned ($0.27) EPS. HF Sinclair’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that HF Sinclair Corporation will post 9.46 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.6%. HF Sinclair’s dividend payout ratio is currently 30.08%.

Insider Activity

In related news, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president directly owned 43,098 shares in the company, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction 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 acquisition, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 13,736 shares of company stock valued at $954,694 in the last ninety days. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently modified their holdings of DINO. Steadtrust LLC purchased a new position in HF Sinclair in the 2nd quarter worth about $223,000. Hennion & Walsh Asset Management Inc. lifted its stake in HF Sinclair by 92.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,815 shares of the company’s stock valued at $823,000 after buying an additional 5,686 shares in the last quarter. GAMMA Investing LLC lifted its stake in HF Sinclair by 8.8% during the second quarter. GAMMA Investing LLC now owns 8,724 shares of the company’s stock valued at $608,000 after buying an additional 708 shares in the last quarter. Mader & Shannon Wealth Management Inc. boosted its holdings in shares of HF Sinclair by 1.2% in the second quarter. Mader & Shannon Wealth Management Inc. now owns 74,608 shares of the company’s stock worth $5,196,000 after buying an additional 895 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock worth $69,000 after buying an additional 234 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

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.