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

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

HF Sinclair Stock Performance

Shares of NYSE DINO traded down $3.30 during midday trading on Friday, reaching $46.76. 2,074,866 shares of the company traded hands, compared to its average volume of 1,843,030. The company 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 current ratio of 2.17 and a quick ratio of 1.09. The stock has a 50-day moving average price of $51.62 and a 200 day moving average price of $55.54. HF Sinclair has a 52 week low of $46.69 and a 52 week high of $64.16.

HF Sinclair Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DINO shares. Barclays cut their target price on shares of HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company decreased their target price on HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Finally, Mizuho reduced their price target on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $62.58.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, with a total value of $372,905.00. Following the purchase, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

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.