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 trading on Monday . The stock traded as high as $98.39 and last traded at $95.8490, with a volume of 147355 shares. The stock had previously closed at $97.32.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore initiated coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Mizuho upped their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Price Performance

The stock has a market cap of $16.83 billion, a PE ratio of 9.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The business has a fifty day moving average of $81.48 and a 200 day moving average of $68.79.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. During the same quarter last year, the firm earned $1.10 EPS. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Activity at HF Sinclair

In related news, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,955 shares of company stock worth $968,455 over the last three months. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth increased its holdings in HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares during the last quarter. Amundi raised its stake in HF Sinclair by 7.7% during the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares in the last quarter. Jump Financial LLC acquired a new stake in HF Sinclair during the second quarter valued at approximately $209,000. Finally, Cerity Partners LLC raised its stake in HF Sinclair by 25.7% during the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares in the last quarter. Institutional investors 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.