HF Sinclair (NYSE:DINO) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DINO shares. Wells Fargo & Company upped their target price on shares of HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Barclays increased their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.25.

HF Sinclair Trading Down 0.0%

The company’s fifty day simple moving average is $90.54 and its two-hundred day simple moving average is $72.96. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 10.33 and a beta of 0.71. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business earned $1.10 EPS. The firm’s revenue was up 53.2% on a year-over-year basis. Research analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

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

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by insiders.

Institutional Trading of HF Sinclair

A number of large investors have recently bought and sold shares of DINO. BlackRock Inc. acquired a new position in shares of HF Sinclair in the second quarter valued at approximately $1,291,602,000. California State Teachers Retirement System raised its holdings in shares of HF Sinclair by 6,576.6% during the second quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company’s stock worth $861,977,000 after acquiring an additional 12,190,470 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 103,135 shares during the period. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares in the last quarter. Finally, State Street Corp lifted its position in HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.