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

HF Sinclair Co. (NYSE:DINO) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 yield of 5.51%. The ex-dividend date is Thursday, March 6th.

HF Sinclair has raised its dividend by an average of 78.8% annually over the last three years. HF Sinclair has a dividend payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

DINO stock traded down $1.12 during trading on Friday, hitting $36.32. 3,752,329 shares of the company’s stock traded hands, compared to its average volume of 2,719,395. HF Sinclair has a 52 week low of $33.47 and a 52 week high of $64.16. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 22.42 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a fifty 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 (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, equities analysts anticipate that HF Sinclair will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DINO. Barclays reduced their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho reduced their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reduced their price target on shares of 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. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, HF Sinclair 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.