HF Sinclair (NYSE:DINO) Hits New 12-Month High – Should You Buy?

HF Sinclair Corporation (NYSE:DINO)’s share price reached a new 52-week high on Monday . The stock traded as high as $98.39 and last traded at $95.8490, with a volume of 147355 shares changing hands. The stock had previously closed at $97.32.

Wall Street Analyst Weigh In

DINO has been the topic of a number of research reports. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. TD Cowen increased their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group restated a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Morgan Stanley lifted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Price Performance

The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 9.03 and a beta of 0.70. The company has a 50-day moving average of $81.48 and a 200-day moving average of $68.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the business earned $1.10 EPS. The firm’s revenue was up 53.2% compared to the same quarter last year. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is 20.04%.

Insider Activity

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought 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 of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale Kunneman sold 8,936 shares of the company’s 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 transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,955 shares of company stock valued at $968,455. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter valued at $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the second quarter worth about $33,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth about $36,000. Fairway Wealth LLC purchased a new stake in shares of HF Sinclair in the first quarter worth about $41,000. Finally, State of Wyoming acquired a new stake in shares of HF Sinclair in the second quarter valued at about $41,000. Hedge funds and other institutional investors 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.