HF Sinclair (NYSE:DINO) Hits New 12-Month High – Should You Buy?

HF Sinclair Corporation (NYSE:DINOGet Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $65.75 and last traded at $65.6860, with a volume of 608547 shares traded. The stock had previously closed at $62.73.

Key Stories Impacting HF Sinclair

Here are the key news stories impacting HF Sinclair this week:

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DINO. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. Barclays lifted their target price on HF Sinclair from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday. Piper Sandler lowered their target price on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Mizuho upped their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

View Our Latest Stock Analysis on DINO

HF Sinclair Stock Up 2.7%

The firm has a market capitalization of $12.44 billion, a PE ratio of 22.48 and a beta of 0.70. The company has a fifty day simple moving average of $58.12 and a two-hundred day simple moving average of $53.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94.

HF Sinclair (NYSE:DINOGet Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the business earned ($0.27) EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts forecast that HF Sinclair Corporation will post 7.11 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 65.15%.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently made changes to their positions in the company. Convergence Investment Partners LLC acquired a new position in shares of HF Sinclair in the third quarter valued at about $1,408,000. Citigroup Inc. increased its holdings in shares of HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after purchasing an additional 130,338 shares during the period. RWC Asset Management LLP increased its holdings in shares of HF Sinclair by 30.3% in the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock valued at $7,518,000 after purchasing an additional 33,394 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares during the period. Finally, Pacific Heights Asset Management LLC increased its holdings in shares of HF Sinclair by 16.7% in the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock valued at $18,319,000 after purchasing an additional 50,000 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.