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

HF Sinclair (NYSE:DINO) posted its quarterly earnings results on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.54 billion. During the same quarter last year, the business posted $2.00 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis.

HF Sinclair Price Performance

DINO traded up $0.48 on Thursday, reaching $57.43. The company had a trading volume of 538,350 shares, compared to its average volume of 2,116,209. The business has a 50 day simple moving average of $58.32 and a 200 day simple moving average of $56.36. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 6.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. HF Sinclair has a 52-week low of $39.00 and a 52-week high of $64.16.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a $0.50 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. HF Sinclair’s dividend payout ratio (DPR) is currently 24.10%.

Insider Activity at HF Sinclair

In related news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other HF Sinclair 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 transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair 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 transaction, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DINO shares. Mizuho reduced their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Scotiabank lifted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. TD Cowen increased their price objective 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 upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Finally, Piper Sandler upped their target price on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target 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.