HF Sinclair (NYSE:DINO) Sets New 12-Month High – Here’s Why

HF Sinclair Corporation (NYSE:DINO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $74.89 and last traded at $74.7040, with a volume of 347675 shares. The stock had previously closed at $72.50.

Analyst Ratings Changes

DINO has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Raymond James Financial upped their target price on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. Barclays raised their target price on HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Morgan Stanley boosted their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.55.

HF Sinclair Stock Up 3.5%

The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.80 billion, a P/E ratio of 11.47 and a beta of 0.72. The stock has a 50 day moving average price of $69.55 and a 200 day moving average price of $59.61.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. On average, research analysts anticipate that HF Sinclair Corporation will post 9.46 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. HF Sinclair’s dividend payout ratio is currently 30.08%.

Insiders Place Their Bets

In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,736 shares of company stock worth $954,694 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of DINO. GAMMA Investing LLC lifted its holdings in HF Sinclair by 8.8% during the 2nd quarter. GAMMA Investing LLC now owns 8,724 shares of the company’s stock worth $608,000 after buying an additional 708 shares during the period. Mader & Shannon Wealth Management Inc. boosted its holdings in HF Sinclair by 1.2% in the second quarter. Mader & Shannon Wealth Management Inc. now owns 74,608 shares of the company’s stock valued at $5,196,000 after acquiring an additional 895 shares during the last quarter. Versant Capital Management Inc increased its position in HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after purchasing an additional 234 shares during the period. Parallel Advisors LLC raised its holdings in HF Sinclair by 19.1% during the 1st quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock worth $354,000 after purchasing an additional 909 shares during the last quarter. Finally, Bull Harbor Capital LLC acquired a new position in shares of HF Sinclair in the 1st quarter worth approximately $580,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.