HF Sinclair (NYSE:DINO) Issues Quarterly Earnings Results

HF Sinclair (NYSE:DINOGet Rating) posted its earnings results on Monday. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.85, MarketWatch Earnings reports. The company had revenue of $7.46 billion during the quarter, compared to analyst estimates of $4.81 billion. HF Sinclair had a return on equity of 4.08% and a net margin of 3.04%. The company’s revenue for the quarter was up 112.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.53) EPS.

Shares of NYSE DINO traded up $1.43 during midday trading on Tuesday, hitting $43.72. 171,848 shares of the company’s stock were exchanged, compared to its average volume of 2,370,962. The company has a quick ratio of 0.79, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 12.44 and a beta of 1.57. HF Sinclair has a 12 month low of $27.17 and a 12 month high of $46.39. The business has a 50 day moving average of $37.63.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, May 20th.

An institutional investor recently bought a new position in HF Sinclair stock. Advisor Group Holdings Inc. purchased a new stake in HF Sinclair Co. (NYSE:DINOGet Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,042 shares of the company’s stock, valued at approximately $241,000. Institutional investors and hedge funds own 88.24% of the company’s stock.

A number of research firms recently commented on DINO. The Goldman Sachs Group upgraded shares of HF Sinclair from a “sell” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $43.00 in a research report on Wednesday, March 30th. Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Wells Fargo & Company boosted their price objective on HF Sinclair from $47.00 to $52.00 in a research report on Tuesday. Piper Sandler dropped their target price on shares of HF Sinclair from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. began coverage on shares of HF Sinclair in a report on Wednesday, March 16th. They issued a “neutral” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Buy” and an average target price of $45.60.

HF Sinclair Company Profile (Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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