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

HF Sinclair Co. (NYSE:DINO - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.50 per share on Wednesday, June 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, May 21st.

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

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.78 during mid-day trading on Thursday, reaching $57.73. 1,874,025 shares of the stock traded hands, compared to its average volume of 2,131,386. The stock has a market capitalization of $11.38 billion, a PE ratio of 6.96 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. HF Sinclair has a 12-month low of $39.00 and a 12-month high of $64.16. The business's 50-day moving average is $58.36 and its 200-day moving average is $56.37.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.16. The company had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $7.54 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. HF Sinclair's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, sell-side analysts predict that HF Sinclair will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DINO shares. Mizuho reduced their price objective on HF Sinclair from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 15th. Piper Sandler upped their price objective on HF Sinclair from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Barclays assumed coverage on HF Sinclair in a research report on Monday, February 26th. They issued an "equal weight" rating and a $60.00 price target for the company. Scotiabank upped their price target on HF Sinclair from $58.00 to $66.00 and gave the stock a "sector outperform" rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.42.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares of the company's stock, valued at $1,703,866.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, 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 filing with the SEC, which is available through this link. Also, Director Franklin Myers purchased 4,180 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the purchase, the director now owns 131,793 shares of the company's stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

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.