HF Sinclair Corporation (NYSE:DINO – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $128.56 and last traded at $128.3520, with a volume of 2,210,540 shares trading hands. The stock had previously closed at $122.91.
Wall Street Analyst Weigh In
DINO has been the topic of a number of recent research reports. Barclays lifted their target price on HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company boosted their price target on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Morgan Stanley upped their price target on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, September 14th. The Goldman Sachs Group upped their price target on HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Cowen raised their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.
View Our Latest Stock Report on HF Sinclair
HF Sinclair Price Performance
HF Sinclair (NYSE:DINO – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, analysts forecast that HF Sinclair Corporation will post 18.15 earnings per share for the current fiscal year.
HF Sinclair Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a dividend of $0.5250 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.
Insiders Place Their Bets
In related news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearstead Trust LLC acquired a new stake in shares of HF Sinclair in the second quarter valued at $33,000. Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at about $36,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the 1st quarter worth about $41,000. Bullock Wealth Management Group acquired a new position in HF Sinclair during the 3rd quarter worth about $41,000. Finally, Main Street Group LTD acquired a new position in HF Sinclair during the 1st quarter worth about $54,000. Institutional investors own 88.29% of the company’s stock.
HF Sinclair Company Profile
HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.
HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.
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