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

HF Sinclair Co. (NYSE:DINOGet Free Report)’s share price reached a new 52-week high on Monday after Mizuho raised their price target on the stock from $63.00 to $66.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as high as $62.47 and last traded at $62.15, with a volume of 62127 shares trading hands. The stock had previously closed at $61.59.

Several other research firms have also weighed in on DINO. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. TD Cowen increased their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Wells Fargo & Company increased their price target on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target on the stock. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.00.

View Our Latest Stock Analysis on DINO

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $30,000. North Star Investment Management Corp. raised its holdings in HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after purchasing an additional 549 shares during the last quarter. Pingora Partners LLC bought a new position in HF Sinclair during the 4th quarter worth approximately $35,000. Parkside Financial Bank & Trust bought a new position in HF Sinclair during the 1st quarter worth approximately $36,000. Finally, Baystate Wealth Management LLC bought a new position in HF Sinclair during the 4th quarter worth approximately $37,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The firm’s fifty day simple moving average is $57.10 and its 200-day simple moving average is $55.98. The stock has a market cap of $11.63 billion, a P/E ratio of 7.37 and a beta of 1.28.

HF Sinclair (NYSE:DINOGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the business posted $2.97 EPS. HF Sinclair’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that HF Sinclair Co. will post 6.38 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.27%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s payout ratio is currently 24.10%.

HF Sinclair Company Profile

(Get Free Report)

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.

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