HF Sinclair (NYSE:DINO) Hits New 52-Week High – Should You Buy?

HF Sinclair Corporation (NYSE:DINO)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $62.20 and last traded at $62.0020, with a volume of 827957 shares. The stock had previously closed at $59.27.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a research note on Thursday, February 19th. Argus raised HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Mizuho boosted their target price on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. BMO Capital Markets decreased their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.27.

HF Sinclair Price Performance

The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 20.13 and a beta of 0.83. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The company’s 50 day simple moving average is $53.89 and its 200-day simple moving average is $52.27.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the business posted ($1.02) earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.2%. HF Sinclair’s dividend payout ratio is currently 65.15%.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in HF Sinclair in the fourth quarter valued at $26,000. Quent Capital LLC acquired a new stake in HF Sinclair during the third quarter worth about $28,000. REAP Financial Group LLC bought a new position in HF Sinclair in the fourth quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in HF Sinclair in the second quarter valued at approximately $33,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at approximately $36,000. 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.