HF Sinclair (NYSE:DINO) Sets New 52-Week High – Should You Buy?

HF Sinclair Corporation (NYSE:DINO)’s share price reached a new 52-week high during trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DINO. Mizuho increased their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. TD Cowen raised 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. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set 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 report on Tuesday, August 4th. Finally, Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Stock Performance

The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 8.92 and a beta of 0.70. The firm has a fifty day moving average of $82.57 and a 200 day moving average of $69.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $8.68 billion. During the same period last year, the business earned $1.10 earnings per share. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s payout ratio is presently 20.04%.

Insider Activity

In related news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the sale, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the transaction, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DINO. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at about $29,000. Clearstead Trust LLC acquired a new position in HF Sinclair in the 2nd quarter worth about $33,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair in the 4th quarter worth about $36,000. Fairway Wealth LLC purchased a new position in HF Sinclair during the first quarter worth approximately $41,000. Finally, State of Wyoming purchased a new position in HF Sinclair during the second quarter worth approximately $41,000. 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.