This ‘DINO’ Dividend Stock Is Definitely Not a Dinosaur

• HF Sinclair (DINO) stands out for its strong technical momentum and recently established new 52-week highs.

• The stock maintains a 100% “Buy” opinion from Barchart.

• DINO has gained 32.44% over the past year and almost 60% so far this year.

• Fundamentals are strong with a dividend yield of 3.6% and projected earnings growth of 380%.

Valued at $10.33 billion, HF Sinclair (DINO) is an energy company that produces and markets light products such as gasoline, diesel, jet fuel, renewable diesel and other specialty products. It owns and operates refineries located primarily in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah.

I found today’s Chart of the Day using Barchart’s powerful selection features to select stocks with the highest technical Buy signals; current momentum superior in both strength and direction; and a “buy” signal from Trend Seeker. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. DINO checks those boxes. Since Trend Seeker signaled a new “buy” on October 24, the stock has gained 3.05%.

Editor’s note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. Therefore, the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form Barchart’s opinion on a particular stock.

HF Sinclair hit a 52-week high of $56.58 in intraday trading on November 14.

• DINO has a weighted Alpha of +49.43.

• Sinclair has a 100% “Buy” opinion on Barchart.

• The stock gained 32.44% over the past year.

• DINO has its Trend Seeker “Buy” signal intact.

• The stock recently traded at $55.80 with a 50-day moving average of $52.90.

• Sinclair hit 7 new highs and gained 7.81% in the last month.

• The Relative Strength Index (RSI) is at 59.62.

• There is a technical support level around $54.69.

• Market cap of $10.33 billion.

• 18.96x price-earnings ratio

• Dividend yield of 3.58%.

• Revenue is expected to grow 0.90% next year.

• Profits are estimated to increase by 380.82% this year.

I don’t buy stocks because everyone else is buying, but I do realize that if big companies and investors dump their stocks, it’s hard to make money swimming against the tide.

It seems that Wall Street and individual investors like this stock.

• Wall Street analysts tracked by Barchart have issued 6 “Strong Buy”, 1 “Moderate Buy”, 6 “Hold” and 1 “Strong Sell” opinions on the stock with price targets between $51 and $66.

• Value Line rates the stock “Higher.”

• CFRA’s MarketScope Advisor rates it a “Hold” with a price target of $58.

• Morningstar believes that even with the stock’s recent rally, it is fairly valued.

• 2,409 investors following the Motley Fool stock believe it will outperform the market, while 170 believe it will not.

• 24,350 investors monitor the stock on Searching Alpha, which rates the stock a “Strong Buy.”

As long as there is oil to extract, dividends should be constant.

Today’s chart of the day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.

Additional Disclosure: The bar chart of the day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be purchase recommendations, as these stocks are extremely volatile and speculative. If you decide to add one of these stocks to your investment portfolio, we strongly recommend that you follow a default diversification and trailing stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com