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

HF Sinclair Corporation (NYSE:DINO) shares hit a new 52-week high on Wednesday . The company traded as high as $65.75 and last traded at $65.6860, with a volume of 608547 shares changing hands. The stock had previously closed at $62.73.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of HF Sinclair from $57.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Barclays boosted their price objective on shares of HF Sinclair from $51.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Raymond James Financial boosted their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.45.

HF Sinclair Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The company has a market capitalization of $11.90 billion, a PE ratio of 21.52 and a beta of 0.70. The firm’s fifty day simple moving average is $57.50 and its 200 day simple moving average is $53.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned ($1.02) earnings per share. On average, research analysts predict that HF Sinclair Corporation will post 6.93 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. HF Sinclair’s dividend payout ratio is 65.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DINO. NFJ Investment Group LLC raised its position in shares of HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares during the period. Invesco Ltd. raised its position in shares of HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after acquiring an additional 994,090 shares during the period. Victory Capital Management Inc. raised its position in shares of HF Sinclair by 101.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares during the period. Merewether Investment Management LP acquired a new position in shares of HF Sinclair in the third quarter worth about $35,717,000. Finally, Renaissance Technologies LLC raised its position in shares of HF Sinclair by 75.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock worth $65,362,000 after acquiring an additional 608,472 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.