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

HF Sinclair (NYSE:DINOGet Free Report) released its quarterly earnings data on Wednesday. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16, Briefing.com reports. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. During the same quarter in the previous year, the company posted $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 Stock Down 1.8 %

Shares of DINO traded down $1.06 during midday trading on Friday, reaching $56.67. The stock had a trading volume of 1,340,387 shares, compared to its average volume of 1,789,589. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.16. The company’s fifty day simple moving average is $58.41 and its two-hundred day simple moving average is $56.38. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 7.01 and a beta of 1.31. HF Sinclair has a 1-year low of $39.08 and a 1-year high of $64.16.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insider Activity at HF Sinclair

In related news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Mizuho dropped their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Barclays assumed coverage on shares of HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target on the stock. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, Scotiabank increased their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.42.

Check Out Our Latest Research Report on DINO

About HF Sinclair

(Get Free Report)

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.

Further Reading

Earnings History for HF Sinclair (NYSE:DINO)

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