HF Sinclair (NYSE:DINO) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

HF Sinclair (NYSE:DINO) released its quarterly earnings results on Thursday. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11), Zacks reports. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion.

HF Sinclair Stock Down 3.0 %

Shares of DINO opened at $36.32 on Friday. The firm has a market cap of $6.83 billion, a PE ratio of 44.29 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $35.99 and its two-hundred day moving average is $41.28. HF Sinclair has a fifty-two week low of $33.47 and a fifty-two week high of $64.16.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DINO. Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. UBS Group reduced their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.00.

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.