HF Sinclair Corporation (DINO) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in HF Sinclair (DINO) by buying shares or fractional shares at any major broker, through an energy or refining ETF that holds it, or as one holding in a thematic basket. HF Sinclair is a US independent refiner that turns crude oil into gasoline, diesel, and jet fuel across seven Rocky Mountain and Mid-Continent refineries, and it also runs renewables, marketing (the Sinclair dinosaur brand, hence the DINO ticker), lubricants and specialties, and midstream logistics segments. The single most important thing to understand is that this is a cyclical refiner whose profits swing with the crack spread (the gap between crude costs and finished-fuel prices), so earnings can move sharply from quarter to quarter.
DINO stock price
As of 2026-07-10, HF Sinclair Corporation (DINO) last closed at $78.07, up 72.8% over the past year. Over the past 52 weeks it has traded between $42.36 and $78.62.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or HF Sinclair Corporation's investor relations page. Walnut is informational, not investment advice.
What does HF Sinclair Corporation (DINO) do?
HF Sinclair Corporation is a US-based independent energy company formed from the 2022 combination of HollyFrontier and Sinclair Oil. It reports in five segments: Refining (its El Dorado, Tulsa, Puget Sound, Navajo, Woods Cross, Parco, and Casper refineries, plus asphalt), Renewables (renewable diesel units at Artesia, Cheyenne, and Sinclair), Marketing (branded fuel sales and Sinclair brand licensing), Lubricants and Specialties (Petro-Canada Lubricants, Red Giant Oil, and Sonneborn), and Midstream (pipelines, terminals, and tankage). Refining is the largest profit driver, so the company is fundamentally a price-taker whose margins are set by crack spreads, crude differentials, and fuel demand rather than by any single product.
The investment picture in mid-2026 is one of recovering refining profitability. Full year 2025 adjusted EBITDA was about $2.3 billion (up from roughly $1.1 billion in 2024) as refining gross margins per barrel rose sharply, helped in part by EPA small-refinery RINs waivers. Momentum carried into Q1 2026, when revenue was about $7.1 billion and net income about $648 million, versus a small loss a year earlier, supported by stronger refining and renewables margins, higher sales volumes, and inventory valuation benefits. The company continues to return cash through a regular quarterly dividend (about $0.50 per share) and buybacks. The diversified segment mix is meant to soften the refining cycle, but refining still dominates the earnings swing.
What's driving HF Sinclair Corporation (DINO)?
1. Refining margins and crack spreads
HF Sinclair's earnings are geared to the crack spread, the gap between crude oil input costs and finished-fuel prices. In 2025 adjusted refinery gross margin per produced barrel rose roughly 47% year over year, and that recovery drove the jump in EBITDA and the swing back to solid profitability in Q1 2026. When margins are wide, a refiner with high fixed costs sees profits rise faster than revenue, and when they compress the reverse happens.
2. Diversification beyond pure refining
Unlike a single-segment refiner, HF Sinclair layers on Marketing (Sinclair-branded fuel and brand licensing), Lubricants and Specialties (Petro-Canada Lubricants, Sonneborn white oils and waxes), and Midstream logistics. These businesses carry steadier margins than fuel refining and are meant to cushion the cycle. The lubricants and specialties arm in particular sells higher-value products into industrial and consumer channels that do not move in lockstep with crack spreads.
3. Renewable diesel and RINs policy
The Renewables segment runs renewable diesel units that produced about 52 million gallons of sales volume in Q1 2026, up from roughly 44 million a year earlier. This exposure ties HF Sinclair to low-carbon fuel demand, blenders tax credits, and EPA Renewable Identification Number (RINs) policy, including small-refinery waivers that added meaningfully to 2025 margins. Renewables profitability is volatile and highly dependent on feedstock costs and shifting federal biofuel rules.
4. Capital returns and balance sheet
HF Sinclair pays a regular quarterly dividend of about $0.50 per share (roughly a 2.7% yield) and returns additional cash through share buybacks; it returned about $167 million via dividends and buybacks in Q1 2026. Consistent capital returns are a core part of the story for a mature refiner. Sustaining them depends on refining margins staying healthy enough to fund both the payout and refinery maintenance turnarounds.
What are the risks to HF Sinclair Corporation (DINO)?
The dominant risk is refining-margin cyclicality: crack spreads, crude differentials, and fuel demand can compress quickly in a slowdown or a demand-destruction shock, and refiners can swing from strong profits to losses within a few quarters. Planned and unplanned refinery turnarounds (Q1 2026 included turnarounds at Puget Sound and Woods Cross) reduce throughput and earnings in the affected periods. Renewables profitability hinges on volatile feedstock costs and shifting EPA biofuel and RINs policy, so a favorable year like 2025 may not repeat. Commodity and inventory swings can create large non-cash gains or losses that make reported results lumpy. As a fossil-fuel refiner, HF Sinclair also faces long-run demand, regulatory, and energy-transition pressures outside its control.
How is HF Sinclair Corporation (DINO) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see HF Sinclair Corporation's investor relations page or your broker.
- Revenue (TTM): ~$29 billion (Q1 2026 was ~$7.1 billion, up ~12% year over year)
- Net income (Q1 2026): ~$648 million (versus a small loss a year earlier)
- Adjusted EBITDA (FY2025): ~$2.3 billion (roughly double 2024's ~$1.1 billion)
- Market cap: ~$13.3 billion (stock ~$76 per share)
- Trailing P/E: ~11x
- Dividend yield: ~2.7% (~$0.50 quarterly dividend)
Figures are approximate and tied to the asOf date; verify live numbers before acting. For a cyclical refiner, a low P/E can be misleading because it may reflect strong-cycle earnings that do not repeat if margins fall, so where crack spreads sit in the cycle matters more than the headline multiple. Analyst price targets on DINO have ranged widely (roughly the low $50s to the low $70s across different surveys), reflecting disagreement about how long the margin recovery lasts.
Who competes with HF Sinclair Corporation (DINO)?
Large independent refiners
Valero Energy (VLO), Marathon Petroleum (MPC), and Phillips 66 (PSX) are the biggest US independent refiners and HF Sinclair's primary peers on refining margins, scale, and geographic footprint. They are larger and more diversified, but like HF Sinclair they trade largely as leveraged plays on crack spreads and fuel demand rather than on company-specific product cycles.
Mid-cap and regional refiners
PBF Energy (PBF), CVR Energy (CVI), Delek US (DK), and Par Pacific (PARR) are closer in size to HF Sinclair and compete in overlapping regional fuel markets. Several also have renewable diesel and midstream exposure, so they face the same crack-spread, turnaround, and RINs-policy dynamics that drive HF Sinclair's earnings.
Integrated majors and specialty players
Integrated oil majors like ExxonMobil and Chevron run large refining operations alongside upstream production, offering a less pure-play way to invest in the fuels theme. On the lubricants side, HF Sinclair's Petro-Canada Lubricants and Sonneborn businesses compete with specialty and base-oil producers, a steadier, higher-value niche than fuel refining.
How to invest in HF Sinclair Corporation (DINO)
There are three common ways to get DINO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so DINO sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where DINO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on HF Sinclair Corporation (DINO)
HF Sinclair is a diversified but still cyclical independent refiner whose earnings ride refining margins, with renewables, lubricants, marketing, and midstream adding some smoothing plus a roughly 2.7% dividend; the question is how much refining-margin volatility fits your portfolio, not whether the business is broadly built.
More on HF Sinclair Corporation (DINO)
Whether DINO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is DINO a buy?, and where the stock could go from here in the DINO stock forecast.
For income investors, whether DINO pays a dividend and how the payout looks is covered in does DINO pay a dividend?
Build a basket around DINO with Walnut
Use HF Sinclair Corporation as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is DINO a good stock to buy right now?
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That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is recovering refining margins, a diversified segment mix (renewables, lubricants, marketing, midstream), a roughly 2.7% dividend, and buybacks. The bear case is that DINO is a cyclical refiner whose profits and low P/E hinge on crack spreads staying wide, with earnings that can compress quickly. Weigh both against your portfolio.
What does HF Sinclair actually do?
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HF Sinclair is a US independent energy company that refines crude oil into gasoline, diesel, jet fuel, and asphalt across seven refineries. It also runs four other segments: Renewables (renewable diesel), Marketing (Sinclair-branded fuel and brand licensing), Lubricants and Specialties (Petro-Canada Lubricants, Sonneborn), and Midstream (pipelines and terminals). Refining is its largest profit driver, so its results track refining margins more than any single product.
Why is the ticker DINO?
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The DINO ticker references the Sinclair Oil dinosaur, the green Apatosaurus that has been Sinclair's brand mascot for decades. HF Sinclair was formed in 2022 when HollyFrontier acquired Sinclair Oil's refining and branded-marketing businesses. The Marketing segment still licenses the Sinclair brand and its dinosaur logo to fuel stations, which is why the company adopted the playful ticker.
Why is HF Sinclair's stock volatile?
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HF Sinclair is a refiner, so its profits are tied to the crack spread, the gap between crude oil costs and finished-fuel prices. Because refining has high fixed costs, small moves in margins translate into large swings in earnings, a dynamic called operating leverage. Add refinery turnarounds, inventory valuation swings, and shifting biofuel policy, and the result is a stock that can move sharply on energy-market news.
Does HF Sinclair pay a dividend?
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Yes. HF Sinclair pays a regular quarterly cash dividend of about $0.50 per share, which works out to roughly a 2.7% yield at a stock price near $76. The company also returns cash through share buybacks; it returned about $167 million via dividends and buybacks in Q1 2026. Always check the latest declared dividend and yield before assuming any payout.
How did HF Sinclair perform recently?
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Full year 2025 adjusted EBITDA was about $2.3 billion, roughly double 2024, as refining gross margins per barrel rose sharply. That momentum carried into Q1 2026, with revenue around $7.1 billion and net income around $648 million, up from a small loss a year earlier, helped by stronger refining and renewables margins and inventory valuation benefits. Refiner results are cyclical, so recent strength may not persist.
How can I get exposure to HF Sinclair through an ETF?
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DINO appears in various energy, oil and gas refining, and broad value ETFs, where it sits among refiners and energy names. ETF exposure spreads single-stock risk across many holdings but dilutes how much any HF Sinclair move affects you. Always check a fund's holdings and weighting before assuming meaningful exposure to DINO specifically.
What are the main risks of investing in DINO?
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The central risk is refining-margin cyclicality: crack spreads and fuel demand can compress fast in a slowdown, swinging a refiner from profit to loss. Refinery turnarounds cut throughput and earnings, renewables profits depend on volatile feedstock costs and EPA biofuel policy, and inventory swings make results lumpy. As a fossil-fuel refiner, HF Sinclair also faces long-run demand and regulatory pressures from the energy transition.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with HF Sinclair Corporation's investor relations page or your broker before making investment decisions.