HF Sinclair Corporation (DINO)

Over the past six months, HF Sinclair's stock price has experienced fluctuations, trading at $52.78 as of November 27, 2025. HF Sinclair exceeded Q3 2025 expectations, reporting an EPS of $2.44 and revenue of $7.25 billion, which led to a 1.59% premarket stock increase. Piper Sandler and Mizuho raised their price targets, while Wall Street Zen upgraded shares, and Zacks Research lowered HF Sinclair from a "strong-buy" to a "hold" rating. The company returned $254 million to shareholders in Q3 2025 and remains committed to a minimum 50% payout ratio, declaring a quarterly dividend of $0.50. CEO Tim Go expressed optimism about refining fundamentals, citing priorities to improve reliability, integrate and optimize the portfolio, and return excess cash to shareholders.

Demand for HF Sinclair's products, particularly gasoline and diesel fuel, exhibits seasonality, with increased demand and refining margins during the summer driving season. Crack spreads have been observed to narrow during other periods, sometimes tied to demand worries. Management has noted strong market demand, with low product inventories and high utilization rates, indicating that global demand is outpacing capacity.

HF Sinclair Corporation is an independent energy company based in Dallas, Texas, operating in the petroleum industry with core business segments including Refining, Renewables, Marketing, Lubricants and Specialties, and Midstream. The company manufactures and sells a range of products, including gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, and operates seven complex oil refineries with a total crude oil processing capacity of 678,000 barrels per stream day. HF Sinclair also produces base oils and specialized lubricants under the Petro-Canada Lubricants and HollyFrontier brands and is a significant player in the renewable fuels market.

HF Sinclair's operations are primarily located across the United States, with refining facilities in Kansas, New Mexico, Oklahoma, Utah, Wyoming, and Washington. The company markets its refined products mainly in the Southwest United States, Rocky Mountains, Pacific Northwest, and neighboring Plains states. Beyond its refining operations, HF Sinclair also has production facilities in Canada and the Netherlands for lubricants and specialties. The company supplies fuels to approximately 1,300 independent Sinclair branded stations and licenses the use of the Sinclair brand at about 300 additional locations, and operates asphalt terminals in Arizona, New Mexico, and Oklahoma.

HF Sinclair aims to provide sustainable energy solutions while maintaining a strong commitment to environmental stewardship and operational excellence. The company has made strides in advancing its renewable energy initiatives, including the completion of its renewable diesel production facility and exploring opportunities in carbon capture and storage. The company's "Sinclair" brand is well-established, and the Marketing segment delivered record annual EBITDA and grew its branded footprint by a net of 87 sites in 2024. The company's involvement in the petroleum industry inherently carries environmental considerations and regulatory scrutiny, which can influence public perception.

HF Sinclair Corporation's stock ownership is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion, approximately 70.14% to 88.29% of the company's stock. Individual investors hold a smaller stake, around 12% to 22.14%. Insiders own approximately 7.73% to 51.67% of the stock. Carol Holding is noted as the largest individual shareholder, owning 60.23 million shares, representing 32.74% of the company.