HF Sinclair (DINO) Scheduled to Post Earnings on Wednesday

HF Sinclair (NYSE:DINO) is scheduled to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. HF Sinclair’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.97 earnings per share. On average, analysts expect HF Sinclair to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HF Sinclair Trading Up 1.5 %

Shares of NYSE DINO opened at $55.21 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair has a one year low of $38.49 and a one year high of $64.16. The business has a 50-day moving average price of $58.39 and a two-hundred day moving average price of $56.37. The firm has a market capitalization of $10.88 billion, a PE ratio of 6.65 and a beta of 1.31.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research analyst reports. Piper Sandler increased their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. TD Cowen boosted their target price on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Barclays assumed coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target for the company. Mizuho lowered their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Scotiabank raised their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Franklin Myers bought 4,180 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction 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 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. 0.28% of the stock is owned by insiders.

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.