HF Sinclair Corporation (NYSE:DINO) Announces Quarterly Dividend of $0.50

HF Sinclair Corporation (NYSE:DINO) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.50 per share on Thursday, March 12th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, March 2nd.

HF Sinclair has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. HF Sinclair has a payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Analysts expect HF Sinclair to earn $4.19 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 47.7%.

HF Sinclair Stock Down 10.8%

Shares of NYSE DINO traded down $6.28 during midday trading on Wednesday, hitting $51.58. The stock had a trading volume of 11,612,741 shares, compared to its average volume of 2,709,215. The business’s 50 day moving average is $50.62 and its 200-day moving average is $50.97. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $59.33. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.49 billion, a P/E ratio of 24.68 and a beta of 0.87.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted ($1.02) earnings per share. As a group, analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of DINO. NFJ Investment Group LLC raised its position in shares of HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after buying an additional 1,737,318 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of HF Sinclair in the second quarter worth about $70,437,000. Invesco Ltd. boosted its stake in HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares during the last quarter. Victory Capital Management Inc. boosted its stake in HF Sinclair by 101.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after buying an additional 903,177 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in HF Sinclair by 1,068.6% during the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after buying an additional 719,292 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.