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

HF Sinclair Co. (NYSE:DINO) declared 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 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, March 6th.

HF Sinclair has raised its dividend payment by an average of 78.8% per year over the last three years. HF Sinclair has a payout ratio of 51.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect HF Sinclair to earn $4.19 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 47.7%.

HF Sinclair Price Performance

Shares of DINO opened at $33.06 on Tuesday. HF Sinclair has a 52-week low of $32.86 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business’s 50 day moving average price is $36.06 and its two-hundred day moving average price is $40.71. The firm has a market cap of $6.23 billion, a PE ratio of 40.32 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, with a total value of $168,850.00. Following the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 17,000 shares of company stock valued at $612,870. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

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

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.