HF Sinclair (NYSE:DINO) Hits New 52-Week High – Here’s What Happened

HF Sinclair Corporation (NYSE:DINO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.89 and last traded at $74.7040, with a volume of 347675 shares trading hands. The stock had previously closed at $72.50.

Analyst Ratings Changes

Several brokerages recently weighed in on DINO. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. UBS Group raised their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays increased their price target 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. TD Cowen lowered their price target on HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, June 29th. Finally, Morgan Stanley lifted their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.55.

HF Sinclair Price Performance

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 firm has a market cap of $13.35 billion, a price-to-earnings ratio of 11.15 and a beta of 0.72. The stock’s fifty day moving average price is $68.99 and its 200-day moving average price is $59.24.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping 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 firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business posted ($0.27) EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that HF Sinclair Corporation will post 9.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,736 shares of company stock valued at $954,694 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $26,000. REAP Financial Group LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth $29,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair during the fourth quarter valued at $36,000. Fairway Wealth LLC purchased a new position in HF Sinclair in the first quarter valued at about $41,000. Finally, State of Wyoming purchased a new position in HF Sinclair in the second quarter valued at about $41,000. 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.