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

HF Sinclair Corporation (NYSE:DINO)’s share price hit a new 52-week high during mid-day trading on Tuesday after Mizuho raised their price target on the stock from $52.00 to $60.00. Mizuho currently has an outperform rating on the stock. HF Sinclair traded as high as $53.33 and last traded at $52.98, with a volume of 376158 shares changing hands. The stock had previously closed at $51.64.

A number of other equities research analysts have also recently issued reports on DINO. Scotiabank upped their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. Barclays upped their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Morgan Stanley increased their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Finally, Wolfe Research cut shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.55.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DINO. Kiker Wealth Management LLC bought a new position in HF Sinclair in the 2nd quarter worth $32,000. Johnson Financial Group Inc. bought a new position in HF Sinclair in the 2nd quarter worth $33,000. Byrne Asset Management LLC bought a new position in HF Sinclair in the 1st quarter worth $35,000. West Oak Capital LLC bought a new position in HF Sinclair in the 2nd quarter worth $38,000. Finally, Allworth Financial LP raised its holdings in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 2.0%

The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $46.73 and its 200 day simple moving average is $38.75. The firm has a market capitalization of $9.85 billion, a P/E ratio of -114.48 and a beta of 1.07.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. Research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently -434.78%.

About HF Sinclair

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.