HF Sinclair Co. (NYSE:DINO) Declares $0.50 Quarterly Dividend

HF Sinclair Co. (NYSE:DINO) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Thursday, November 21st will be given a dividend of 0.50 per share on Wednesday, December 4th. This represents a $2.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, November 21st.

HF Sinclair has raised its dividend payment by an average of 8.7% annually over the last three years. HF Sinclair has a payout ratio of 52.1% meaning its dividend is sufficiently covered by earnings. Analysts expect HF Sinclair to earn $3.77 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 53.1%.

HF Sinclair Trading Up 0.9 %

Shares of DINO traded up $0.35 during mid-day trading on Friday, hitting $38.96. 149,059 shares of the company’s stock traded hands, compared to its average volume of 2,028,564. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.43 billion, a P/E ratio of 6.23 and a beta of 1.16. The business’s 50-day moving average price is $45.29 and its 200-day moving average price is $50.02. HF Sinclair has a 1 year low of $38.25 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 EPS. As a group, sell-side analysts forecast that HF Sinclair will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DINO shares. Wolfe Research assumed coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered 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. Finally, Barclays cut their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.82.

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.