HF Sinclair (NYSE:DINO) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

HF Sinclair (NYSE:DINO) released its earnings results on Wednesday. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16, Briefing.com reports. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year.

HF Sinclair Trading Up 1.4 %

Shares of DINO stock opened at $57.73 on Friday. The firm has a market capitalization of $11.38 billion, a P/E ratio of 6.96 and a beta of 1.31. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $58.36 and its 200 day simple moving average is $56.37. HF Sinclair has a twelve month low of $39.00 and a twelve month high of $64.16.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, May 21st. HF Sinclair’s dividend payout ratio is 24.10%.

Insider Activity

In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DINO. Barclays began coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price for the company. Mizuho decreased their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Piper Sandler lifted their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Scotiabank upped their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.