HF Sinclair (NYSE:DINO) Reaches New 52-Week High After Analyst Upgrade

Shares of HF Sinclair Corporation (NYSE:DINO) hit a new 52-week high during trading on Monday after Raymond James Financial raised their price target on the stock from $87.00 to $95.00. Raymond James Financial currently has a strong-buy rating on the stock. HF Sinclair traded as high as $81.64 and last traded at $80.8540, with a volume of 127037 shares changing hands. The stock had previously closed at $78.07.

DINO has been the topic of several other research reports. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. UBS Group lifted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD Cowen dropped their price target on HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, June 29th. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.27.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock worth $954,694 in the last three months. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in HF Sinclair during the 4th quarter valued at about $26,000. REAP Financial Group LLC bought a new stake in shares of HF Sinclair in the fourth quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $41,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $36,000. Finally, Main Street Group LTD bought a new position in HF Sinclair during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 3.5%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The stock’s 50-day moving average is $70.42 and its two-hundred day moving average is $60.27. The company has a market cap of $14.57 billion, a P/E ratio of 12.13 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 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 the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. As a group, equities research analysts predict that HF Sinclair Corporation will post 9.89 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

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.