HF Sinclair Co. (DINO) To Go Ex-Dividend on March 6th

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 paid a dividend of 0.50 per share on Thursday, March 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend 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 payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. 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

DINO stock opened at $36.32 on Friday. 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 firm has a market cap of $6.83 billion, a price-to-earnings ratio of 44.29 and a beta of 1.22. The company’s fifty day simple moving average is $35.99 and its 200 day simple moving average is $41.28. HF Sinclair has a 12-month low of $33.47 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares in the company, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research analyst reports. TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. UBS Group reduced their price target 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. Barclays dropped their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho cut their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. 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 a consensus rating of “Hold” and an average price target of $51.00.

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.