HF Sinclair (NYSE:DINO) Hits New 1-Year High Following Analyst Upgrade

HF Sinclair Corporation (NYSE:DINO) shares reached a new 52-week high on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The company traded as high as $55.71 and last traded at $55.3840, with a volume of 978308 shares. The stock had previously closed at $54.73.

Other equities research analysts have also recently issued reports about the company. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. Mizuho boosted their price target on shares of HF Sinclair from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. Finally, The Goldman Sachs Group boosted their target price on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.73.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors have recently bought and sold shares of the business. OMNI 360 Wealth Inc. purchased a new position in shares of HF Sinclair during the second quarter worth approximately $218,000. Level Four Advisory Services LLC increased its holdings in HF Sinclair by 71.4% during the 1st quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock worth $4,119,000 after purchasing an additional 52,182 shares during the period. Russell Investments Group Ltd. raised its position in HF Sinclair by 103.1% during the 1st quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company’s stock valued at $14,046,000 after purchasing an additional 216,839 shares in the last quarter. M&T Bank Corp raised its position in HF Sinclair by 20.2% during the 1st quarter. M&T Bank Corp now owns 31,294 shares of the company’s stock valued at $1,029,000 after purchasing an additional 5,249 shares in the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of HF Sinclair by 85.9% in the 1st quarter. Energy Income Partners LLC now owns 54,890 shares of the company’s stock worth $1,805,000 after buying an additional 25,364 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Up 1.1%

The firm has a market cap of $10.18 billion, a P/E ratio of -120.38 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $52.44 and a 200-day moving average price of $44.74.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.