HF Sinclair (DINO) Set to Announce Quarterly Earnings on Wednesday

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

HF Sinclair (NYSE:DINO) last announced its 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 the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. 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 Price Performance

Shares of DINO opened at $54.42 on Monday. HF Sinclair has a one year low of $37.12 and a one year high of $64.16. The stock’s fifty day moving average is $58.46 and its 200-day moving average is $56.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 6.56 and a beta of 1.31.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DINO shares. TD Cowen upped their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Barclays initiated coverage on shares of HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Piper Sandler increased their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

Insider Activity

In related news, Director Franklin Myers acquired 4,180 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the purchase, the director now owns 131,793 shares in the company, valued at approximately $7,767,879.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Franklin Myers purchased 4,180 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $58.94 per share, with a total value of $246,369.20. Following the acquisition, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company 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.