HF Sinclair (NYSE:DINO) Issues Earnings Results, Beats Estimates By $0.16 EPS

HF Sinclair (NYSE:DINO - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $2.00 earnings per share. HF Sinclair's revenue for the quarter was down 7.1% compared to the same quarter last year.

HF Sinclair Trading Up 1.4 %

NYSE DINO traded up $0.78 on Thursday, reaching $57.73. The company had a trading volume of 1,874,025 shares, compared to its average volume of 2,131,386. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 6.96 and a beta of 1.31. HF Sinclair has a fifty-two week low of $39.00 and a fifty-two week high of $64.16. The business has a 50 day moving average of $58.36 and a two-hundred day moving average of $56.37. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. HF Sinclair's dividend payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a "sector outperform" rating in a research report on Thursday, April 11th. UBS Group upgraded shares of HF Sinclair from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Piper Sandler increased their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. TD Cowen increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a "market perform" rating in a research note on Thursday, February 22nd. Finally, Barclays started coverage on shares of HF Sinclair in a research note on Monday, February 26th. They set an "equal weight" rating and a $60.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.42.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value 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 SEC, which is available through this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares of the company's stock, valued at $600,490.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale 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.