HF Sinclair Co. (NYSE:DINO) Plans Quarterly Dividend of $0.50

HF Sinclair Co. (NYSE:DINO) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Wednesday, May 22nd will be paid a dividend of 0.50 per share on Wednesday, June 5th. This represents a $2.00 annualized dividend and a yield of 3.47%. The ex-dividend date is Tuesday, May 21st.

HF Sinclair has raised its dividend payment by an average of 8.7% per year over the last three years and has increased its dividend every year for the last 2 years.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.64 during mid-day trading on Thursday, hitting $57.59. The company had a trading volume of 1,184,012 shares, compared to its average volume of 2,122,997. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 6.94 and a beta of 1.31. The company’s fifty day moving average is $58.32 and its 200-day moving average is $56.36. HF Sinclair has a 12-month low of $39.00 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Equities research analysts predict that HF Sinclair will post 6.55 EPS for the current year.

Insider Activity

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. In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated 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 sale, 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. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DINO. Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Scotiabank increased 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. TD Cowen increased their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Bank of America raised shares of 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, UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus 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.