HF Sinclair (DINO) Scheduled to Post Earnings on Wednesday

HF Sinclair (NYSE:DINO) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect HF Sinclair to post earnings of $0.88 per share for the quarter. Investors interested in registering for the company’s 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, topping analysts’ consensus estimates 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 company’s revenue was down 14.7% compared to the same quarter last year. 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 Stock Performance

Shares of DINO opened at $54.42 on Monday. HF Sinclair has a 12 month low of $37.12 and a 12 month high of $64.16. The stock has a 50 day moving average of $58.46 and a 200 day moving average of $56.38. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 3.68%. HF Sinclair’s dividend payout ratio is presently 24.10%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DINO has been the topic of several recent research reports. Scotiabank upped their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Mizuho decreased their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. TD Cowen boosted their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Barclays assumed coverage on HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.