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

HF Sinclair Co. (NYSE:DINO) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, March 6th will be given a dividend of 0.50 per share on Thursday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 6th.

HF Sinclair has raised its dividend by an average of 78.8% per year over the last three years. HF Sinclair has a dividend payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HF Sinclair to earn $2.39 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 83.7%.

HF Sinclair Trading Down 3.0 %

DINO stock traded down $1.12 during midday trading on Friday, reaching $36.32. 3,752,329 shares of the company’s stock traded hands, compared to its average volume of 2,719,395. The company has a market capitalization of $6.83 billion, a P/E ratio of 22.42 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The business has a 50-day moving average price of $36.01 and a two-hundred day moving average price of $41.34.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. Equities research analysts forecast that HF Sinclair will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the purchase, the chief financial officer now owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. UBS Group dropped their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Barclays dropped their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.