HF Sinclair (NYSE:DINO) Reaches New 12-Month High – What’s Next?

HF Sinclair Corporation (NYSE:DINO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $88.74 and last traded at $88.0930, with a volume of 6190 shares trading hands. The stock had previously closed at $88.59.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Mizuho reissued a “neutral” rating and issued a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, TD Cowen decreased their price objective on HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.17.

HF Sinclair Price Performance

The stock’s fifty day moving average price is $71.79 and its 200-day moving average price is $61.63. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 13.49 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) earnings per share. As a group, equities research analysts forecast that HF Sinclair Corporation will post 10.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, May 11th. HF Sinclair’s payout ratio is 30.08%.

Insider Transactions at HF Sinclair

In related news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,736 shares of company stock valued at $954,694 over the last three months. 0.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DINO. NFJ Investment Group LLC boosted its holdings in shares of HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after purchasing an additional 1,737,318 shares during the last quarter. Invesco Ltd. grew its position in shares of HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares in the last quarter. Victory Capital Management Inc. grew its stake in 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 purchasing an additional 903,177 shares in the last quarter. Merewether Investment Management LP bought a new stake in HF Sinclair during the third quarter valued at $35,717,000. Finally, First Trust Advisors LP grew its holdings in shares of HF Sinclair by 161.5% during the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after purchasing an additional 640,455 shares during the last quarter. Hedge funds and other 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.