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

HF Sinclair Corporation (NYSE:DINO) reached a new 52-week high on Wednesday after Mizuho raised their price target on the stock from $63.00 to $69.00. Mizuho currently has an outperform rating on the stock. HF Sinclair traded as high as $59.63 and last traded at $59.3080, with a volume of 105338 shares trading hands. The stock had previously closed at $58.43.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Barclays cut their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Morgan Stanley set a $57.00 price target on HF Sinclair in a research report on Thursday, February 19th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets reduced their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.27.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. CI Investments Inc. increased 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 buying an additional 187 shares in the last quarter. Virtus Investment Advisers LLC lifted its position in HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. lifted its position in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after buying an additional 210 shares in the last quarter. Unison Advisors LLC grew its holdings in HF Sinclair by 0.9% during the 4th 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 grew its holdings in HF Sinclair by 4.9% during the 4th 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 own 88.29% of the company’s stock.

HF Sinclair Stock Up 1.4%

The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 19.27 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. The firm’s 50-day simple moving average is $53.07 and its two-hundred day simple moving average is $52.03.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned ($1.02) earnings per share. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is presently 65.15%.

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.