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

HF Sinclair Corporation (NYSE:DINO) reached a new 52-week high on Thursday after Mizuho raised their price target on the stock from $85.00 to $119.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as high as $118.44 and last traded at $118.9750, with a volume of 56262 shares traded. The stock had previously closed at $115.63.

DINO has been the subject of several other research reports. TD Cowen upped their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. UBS Group lifted their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a report on Saturday. Evercore assumed coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target for the company. Raymond James Financial upped their price target on shares of HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Two investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.67.

Insider Activity

In other news, SVP Dale Kunneman sold 8,936 shares of the business’s 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 directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently added to or reduced their stakes in the company. Bank of New Hampshire purchased a new position in HF Sinclair in the 3rd quarter valued at about $741,000. Park National Corp OH purchased a new stake in shares of HF Sinclair during the third quarter worth about $201,000. QRG Capital Management Inc. increased its position in shares of HF Sinclair by 27.0% during the second quarter. QRG Capital Management Inc. now owns 7,231 shares of the company’s stock worth $504,000 after acquiring an additional 1,536 shares during the last quarter. Core Capital Management & Research inc. acquired a new position in shares of HF Sinclair in the second quarter worth about $67,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of HF Sinclair by 67.5% in the second quarter. Sequoia Financial Advisors LLC now owns 14,553 shares of the company’s stock worth $1,014,000 after acquiring an additional 5,863 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

The stock has a market cap of $21.15 billion, a PE ratio of 11.33 and a beta of 0.72. 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 $101.24 and a 200 day moving average of $80.83.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the previous year, the business earned $1.10 EPS. HF Sinclair’s revenue for the quarter was up 53.2% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Corporation will post 18.15 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.8%. HF Sinclair’s dividend payout ratio is 20.04%.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.