HF Sinclair Co. (NYSE:DINO) Declares $0.40 Quarterly Dividend

HF Sinclair Co. (NYSE:DINOGet Rating) announced a quarterly dividend on Monday, May 9th, Zacks reports. Investors of record on Monday, May 23rd will be paid a dividend of 0.40 per share on Thursday, June 2nd. This represents a $1.60 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, May 20th.

Shares of NYSE:DINO opened at $42.29 on Tuesday. HF Sinclair has a 12 month low of $27.17 and a 12 month high of $46.39. The company has a market capitalization of $6.89 billion, a PE ratio of 12.44 and a beta of 1.57. The business’s 50 day moving average price is $37.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.79 and a current ratio of 1.82.

HF Sinclair (NYSE:DINOGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.39 by $0.60. HF Sinclair had a return on equity of 4.08% and a net margin of 3.04%. The firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the company earned ($0.53) earnings per share. The firm’s quarterly revenue was up 112.8% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair will post 4.66 earnings per share for the current fiscal year.

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

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

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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