HF Sinclair (NYSE:DINO) Shares Break Above 50 Day Moving Average – Should You Sell?

HF Sinclair Corporation (NYSE:DINO)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $111.90 and traded as high as $116.71. HF Sinclair shares last traded at $115.01, with a volume of 2,237,520 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. UBS Group boosted their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Saturday, October 3rd. TD Cowen upped their target price on shares of HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Weiss Ratings raised shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two 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 stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.75.

HF Sinclair Stock Up 2.8%

The company has a quick ratio of 1.10, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $111.90 and its 200 day simple moving average is $78.21. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 5.84 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The business had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the business earned $2.44 earnings per share. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 19.14 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair’s dividend payout ratio (DPR) is presently 10.65%.

Insider Activity

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DINO. SYM FINANCIAL Corp grew its holdings in shares of HF Sinclair by 1.3% during the third quarter. SYM FINANCIAL Corp now owns 6,643 shares of the company’s stock valued at $713,000 after buying an additional 84 shares during the last quarter. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.6% during the third quarter. Unison Advisors LLC now owns 23,890 shares of the company’s stock worth $2,564,000 after acquiring an additional 151 shares in the last quarter. Signaturefd LLC raised its holdings in shares of HF Sinclair by 2.7% in the 3rd quarter. Signaturefd LLC now owns 6,958 shares of the company’s stock worth $747,000 after acquiring an additional 180 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of HF Sinclair by 4.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,176 shares of the company’s stock worth $555,000 after acquiring an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of HF Sinclair by 31.2% in the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock worth $69,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.