DINO Stock Recent News

GPRK, FISI and DINO made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 3, 2023.

Investors with an interest in Alternative Energy - Other stocks have likely encountered both HF Sinclair (DINO) and Ormat Technologies (ORA). But which of these two stocks is more attractive to value investors?

Here is how HF Sinclair (DINO) and Par Petroleum (PARR) have performed compared to their sector so far this year.

HF Sinclair (DINO) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

HF Sinclair will acquire all the outstanding shares of smaller oil pipeline operator Holly Energy Partners that it does not already own in a cash and stock deal, the companies said on Wednesday.

Refiner HF Sinclair on Thursday joined bigger rivals in reporting a fall in second-quarter profit as margins slipped from last year's peaks that were driven by supply shortages due to the Russia-Ukraine conflict.

Crude oil prices are rallying, leading to a strong performance in the energy sector. HF Sinclair Corporation, an independent energy company, is expected to report Q2 results after Exxon Mobil and Chevron's mixed results last week. The stock has a compelling valuation and positive technical indicators, leading to an upgrade from hold to buy.

The energy sector has been in near-term lows for some time now, and has rebounded well, however there is still plenty of opportunity for income investors. Combined, these stocks represent all of the oil supply chain from upstream, midstream, and downstream. I think all of these stocks are fairly recession resistant, and will be able to continue their dividend in troubled times.

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”) and HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”), plan to announce results for the quarter ending June 30, 2023 on August 3, 2023, before the opening of trading on the NYSE. HEP and HF Sinclair have scheduled a joint webcast conference on August 3, 2023 at 8:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.com/attendee/369077342. An audio archive of this webca.

The annualized dividend paid by HF Sinclair is $1.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/17/2023.