HF Sinclair (NYSE:DINO) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

HF Sinclair (NYSE:DINO) announced its earnings results on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22, Briefing.com reports. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. The company’s revenue was down 19.1% on a year-over-year basis.

HF Sinclair Stock Up 0.2 %

Shares of DINO stock traded up $0.09 during trading on Friday, reaching $38.70. The company’s stock had a trading volume of 3,033,459 shares, compared to its average volume of 2,042,170. The business has a fifty day moving average price of $45.29 and a 200-day moving average price of $50.02. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 6.20 and a beta of 1.16. HF Sinclair has a one year low of $38.25 and a one year high of $64.16.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.17%. HF Sinclair’s payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

DINO has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Mizuho lowered their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank reduced their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.82.

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.