HF Sinclair (NYSE:DINO) Posts Earnings Results, Misses Estimates By $0.11 EPS

HF Sinclair (NYSE:DINO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11), Zacks reports. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%.

HF Sinclair Stock Performance

NYSE DINO traded down $1.12 on Friday, hitting $36.32. 3,752,329 shares of the stock traded hands, compared to its average volume of 2,719,395. The business's fifty day moving average is $35.99 and its two-hundred day moving average is $41.28. HF Sinclair has a 12 month low of $33.47 and a 12 month high of $64.16. The firm 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 debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

Analysts Set New Price Targets

DINO has been the subject of a number of recent research reports. Barclays decreased their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Finally, TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, HF Sinclair has an average rating of "Hold" and an average price target of $51.00.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares in the company, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

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.