HF Sinclair (NYSE:DINO) Reaches New 52-Week High – Here’s Why

Shares of HF Sinclair Corporation (NYSE:DINO) hit a new 52-week high on Wednesday . The stock traded as high as $56.70 and last traded at $56.3910, with a volume of 1218421 shares. The stock had previously closed at $54.63.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group lifted their price target on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Mizuho lifted their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Piper Sandler lowered their price target on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Scotiabank restated an “outperform” rating and set a $62.00 price objective on shares of HF Sinclair in a research note on Friday, January 16th. Finally, Wall Street Zen lowered shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $59.90.

HF Sinclair Trading Up 4.1%

The firm’s 50-day simple moving average is $49.31 and its 200 day simple moving average is $50.00. The stock has a market cap of $10.46 billion, a P/E ratio of 27.22 and a beta of 0.87. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DINO. Campbell & CO Investment Adviser LLC acquired a new stake in HF Sinclair in the second quarter worth approximately $1,851,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after buying an additional 298,735 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at $1,408,000. Diversified Trust Co boosted its stake in HF Sinclair by 211.5% during the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock valued at $2,382,000 after buying an additional 30,901 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in HF Sinclair by 30.3% in the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after acquiring an additional 33,394 shares in 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.