HF Sinclair (NYSE:DINO) Posts Earnings Results, Beats Estimates By $0.06 EPS

HF Sinclair (NYSE:DINO) announced its quarterly earnings results on Thursday. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06, Briefing.com reports. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 earnings per share.

HF Sinclair Stock Down 6.6 %

Shares of DINO stock traded down $3.30 during mid-day trading on Friday, hitting $46.76. The company’s stock had a trading volume of 2,074,866 shares, compared to its average volume of 1,843,030. HF Sinclair has a 52-week low of $46.69 and a 52-week high of $64.16. The business has a 50-day moving average price of $51.62 and a 200 day moving average price of $55.55. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 5.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.28%. HF Sinclair’s dividend payout ratio is 24.75%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 6,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Piper Sandler cut their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Barclays decreased their target price on HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Scotiabank lifted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $62.58.

HF Sinclair Company Profile

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.