HF Sinclair (NYSE:DINO) Issues Quarterly Earnings Results

HF Sinclair (NYSE:DINO) released its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19, Briefing.com reports. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.44%. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.06 EPS.

HF Sinclair Trading Up 0.2 %

Shares of HF Sinclair stock traded up $0.09 on Friday, reaching $38.70. The company had a trading volume of 3,033,468 shares, compared to its average volume of 1,896,324. HF Sinclair has a 52-week low of $38.25 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm’s 50 day moving average price is $45.08 and its two-hundred day moving average price is $49.77. The firm has a market cap of $7.38 billion, a PE ratio of 23.89 and a beta of 1.18.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.17%. HF Sinclair’s payout ratio is currently 123.46%.

Analyst Ratings Changes

Several research analysts recently commented on DINO shares. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Barclays decreased their price target on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. UBS Group reduced their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $55.82.

About HF Sinclair

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.