HF Sinclair (NYSE:DINO) Hits New 1-Year High Following Analyst Upgrade

HF Sinclair Corporation (NYSE:DINO)’s share price reached a new 52-week high on Wednesday after Mizuho raised their price target on the stock from $63.00 to $69.00. Mizuho currently has an outperform rating on the stock. HF Sinclair traded as high as $59.63 and last traded at $59.3080, with a volume of 105338 shares traded. The stock had previously closed at $58.43.

Other equities analysts have also issued reports about the company. TD Cowen lifted their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Barclays dropped their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, BMO Capital Markets cut their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $59.27.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after acquiring an additional 119,832 shares during the period. Focus Partners Wealth increased its position in shares of HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the period. ProShare Advisors LLC raised its stake in shares of HF Sinclair by 4.2% in the second quarter. ProShare Advisors LLC now owns 7,101 shares of the company’s stock valued at $292,000 after purchasing an additional 287 shares in the last quarter. Allworth Financial LP lifted its position in HF Sinclair by 136.5% in the second quarter. Allworth Financial LP now owns 3,155 shares of the company’s stock worth $130,000 after purchasing an additional 1,821 shares during the period. Finally, Geode Capital Management LLC lifted its position in HF Sinclair by 1.0% in the second quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock worth $118,969,000 after purchasing an additional 27,548 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $53.31 and its two-hundred day simple moving average is $52.09. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 19.54 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.02) EPS. On average, analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s dividend payout ratio is 65.15%.

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.