HF Sinclair Co. (DINO) to Issue Quarterly Dividend of $0.50 on March 20th

HF Sinclair Co. (NYSE:DINO) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders 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 dividend yield of 6.05%. The ex-dividend date is Thursday, March 6th.

HF Sinclair has increased its dividend by an average of 78.8% annually over the last three years. HF Sinclair has a dividend payout ratio of 51.8% indicating that its dividend is sufficiently covered by earnings. Equities 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. The stock has a market capitalization of $6.23 billion, a P/E ratio of 40.32 and a beta of 1.22. HF Sinclair has a twelve month low of $32.86 and a twelve month high of $64.16. The company has a 50 day moving average of $36.06 and a 200-day moving average of $40.71. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business 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 1.98% and a net margin of 0.62%. As a group, equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DINO has been the subject of several research reports. Wells Fargo & Company cut shares of 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 research note on Monday, December 9th. Mizuho cut 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. Barclays cut 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. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut 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. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $51.00.

Insiders Place Their Bets

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,000 shares of company stock worth $612,870 in the last 90 days. Company insiders own 0.28% of the company’s stock.

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.