HF Sinclair (NYSE:DINO) Hits New 52-Week High – Still a Buy?

HF Sinclair Corporation (NYSE:DINO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.20 and last traded at $62.0020, with a volume of 827957 shares. The stock had previously closed at $59.27.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. Argus raised shares of HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Piper Sandler lowered their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Barclays cut their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Morgan Stanley set a $57.00 price objective on HF Sinclair in a report on Thursday, February 19th. Finally, Scotiabank downgraded HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $62.00 to $53.00 in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.18.

HF Sinclair Stock Up 3.8%

The stock has a fifty day moving average price of $54.34 and a 200-day moving average price of $52.40. The firm has a market cap of $11.40 billion, a PE ratio of 20.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the firm posted ($1.02) EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.2%. HF Sinclair’s payout ratio is 65.15%.

Institutional Trading of HF Sinclair

Several large investors have recently bought and sold shares of the company. CI Investments Inc. boosted its stake in shares of HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares during the period. Virtus Investment Advisers LLC grew its stake in shares of HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after acquiring an additional 195 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares in the last quarter. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after acquiring an additional 218 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.