HF Sinclair (DINO) Scheduled to Post Quarterly Earnings on Monday

HF Sinclair (NYSE:DINOGet Rating) will issue its quarterly earnings data before the market opens on Monday, November 7th. Analysts expect the company to announce earnings of $4.61 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

HF Sinclair (NYSE:DINOGet Rating) last released its earnings results on Monday, August 8th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.50 by $1.09. The company had revenue of $11.16 billion during the quarter, compared to analysts’ expectations of $9.23 billion. HF Sinclair had a return on equity of 20.74% and a net margin of 5.61%. The business’s revenue was up 143.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. On average, analysts expect HF Sinclair to post $14 EPS for the current fiscal year and $10 EPS for the next fiscal year.

HF Sinclair Price Performance

Shares of DINO opened at $63.09 on Friday. The stock’s fifty day moving average is $55.42 and its 200-day moving average is $49.84. HF Sinclair has a one year low of $29.14 and a one year high of $64.74. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 0.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.89.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, August 17th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.51%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 4,800 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 17th. The shares were acquired at an average price of $51.98 per share, with a total value of $249,504.00. Following the completion of the transaction, the director now directly owns 99,715 shares of the company’s stock, valued at approximately $5,183,185.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other HF Sinclair news, Director Franklin Myers bought 4,800 shares of HF Sinclair stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $51.98 per share, with a total value of $249,504.00. Following the acquisition, the director now owns 99,715 shares in the company, valued at approximately $5,183,185.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 950 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $55.31, for a total value of $52,544.50. Following the sale, the director now directly owns 9,803 shares in the company, valued at approximately $542,203.93. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new stake in shares of HF Sinclair in the 1st quarter worth approximately $36,000. First Republic Investment Management Inc. grew its position in HF Sinclair by 5.8% in the second quarter. First Republic Investment Management Inc. now owns 22,976 shares of the company’s stock worth $1,038,000 after acquiring an additional 1,254 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in HF Sinclair in the second quarter worth $58,000. Lazard Asset Management LLC purchased a new position in HF Sinclair in the first quarter worth $52,000. Finally, Captrust Financial Advisors boosted its position in HF Sinclair by 21.6% during the second quarter. Captrust Financial Advisors now owns 12,741 shares of the company’s stock valued at $575,000 after buying an additional 2,266 shares during the period. 89.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on HF Sinclair from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 8th. The Goldman Sachs Group boosted their target price on HF Sinclair to $57.00 in a research report on Tuesday, September 6th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $62.00 to $55.00 in a report on Wednesday, September 21st. Barclays upped their price objective on HF Sinclair from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, October 5th. Finally, Morgan Stanley boosted their target price on HF Sinclair from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.88.

HF Sinclair Company Profile

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HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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Earnings History for HF Sinclair (NYSE:DINO)

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