HF Sinclair (NYSE:DINO) Hits New 1-Year High – Here’s What Happened

HF Sinclair Corporation (NYSE:DINO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $64.75 and last traded at $64.2720, with a volume of 3488 shares. The stock had previously closed at $63.74.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen boosted their price target on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Raymond James Financial upped their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Piper Sandler decreased their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets dropped their price objective 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, Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.18.

HF Sinclair Stock Down 0.0%

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 firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 20.73 and a beta of 0.83. The firm has a 50 day moving average price of $54.91 and a two-hundred day moving average price of $52.57.

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

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. HF Sinclair’s payout ratio is 65.15%.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently made changes to their positions in DINO. Vanguard Group Inc. raised its stake in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 0.8% during 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 during the last quarter. State Street Corp increased its holdings in shares of HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after acquiring an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after purchasing an additional 523,709 shares during the period. 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.