HF Sinclair (NYSE:DINO) Stock Crosses Above 50-Day Moving Average – Time to Sell?

HF Sinclair Corporation (NYSE:DINO) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $111.90 and traded as high as $116.71. HF Sinclair shares last traded at $115.01, with a volume of 2,237,520 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DINO shares. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Barclays boosted their price target on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Raymond James Financial set a $150.00 price objective on shares of HF Sinclair in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.75.

HF Sinclair Stock Up 2.8%

The firm’s 50-day moving average is $111.90 and its 200 day moving average is $78.21. The firm has a market capitalization of $19.71 billion, a P/E ratio of 5.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 2.27.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. The company had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $8.89 billion. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. HF Sinclair’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. As a group, equities research analysts predict that HF Sinclair Corporation will post 21.09 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair’s dividend payout ratio (DPR) is presently 10.65%.

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SYM FINANCIAL Corp lifted its position in shares of HF Sinclair by 1.3% during the 3rd quarter. SYM FINANCIAL Corp now owns 6,643 shares of the company’s stock valued at $713,000 after buying an additional 84 shares during the last quarter. Unison Advisors LLC boosted its stake in HF Sinclair by 0.6% in the 3rd quarter. Unison Advisors LLC now owns 23,890 shares of the company’s stock worth $2,564,000 after purchasing an additional 151 shares during the period. Signaturefd LLC increased its position in shares of HF Sinclair by 2.7% during the third quarter. Signaturefd LLC now owns 6,958 shares of the company’s stock valued at $747,000 after buying an additional 180 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in HF Sinclair by 4.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,176 shares of the company’s stock valued at $555,000 after acquiring an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in HF Sinclair by 31.2% in the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock worth $69,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.