HF Sinclair (NYSE:DINO) Reaches New 52-Week High – Here’s Why

Shares of HF Sinclair Corporation (NYSE:DINO) hit a new 52-week high during trading on Tuesday . The stock traded as high as $59.11 and last traded at $58.27, with a volume of 1809501 shares trading hands. The stock had previously closed at $58.59.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DINO shares. Wells Fargo & Company started coverage on HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target for the company. Mizuho increased their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Barclays dropped their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.90.

HF Sinclair Stock Down 0.5%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The firm has a market capitalization of $10.72 billion, a PE ratio of 27.88 and a beta of 0.87. The company has a fifty day moving average price of $49.71 and a 200-day moving average price of $50.37.

Institutional Trading of HF Sinclair

Several hedge funds have recently made changes to their positions in DINO. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 2.7% in 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 during the period. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 560,194 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after buying an additional 298,735 shares during the period. LSV Asset Management increased its position in HF Sinclair by 4.0% during the fourth quarter. LSV Asset Management now owns 3,399,427 shares of the company’s stock valued at $156,646,000 after acquiring an additional 129,934 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HF Sinclair by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 3,074,854 shares of the company’s stock valued at $141,729,000 after acquiring an additional 235,463 shares during the period. 88.29% of the stock is currently 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.