HF Sinclair (NYSE:DINO) Issues Quarterly Earnings Results

HF Sinclair (NYSE:DINO) announced its quarterly earnings data on Tuesday. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82, FiscalAI reports. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company’s revenue was up 53.2% on a year-over-year basis.

HF Sinclair Stock Performance

DINO opened at $90.65 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 13.63 and a beta of 0.72. HF Sinclair has a 52-week low of $42.16 and a 52-week high of $93.66. The firm’s fifty day simple moving average is $74.16 and its two-hundred day simple moving average is $63.45.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. HF Sinclair’s dividend payout ratio is currently 30.08%.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,736 shares of company stock valued at $954,694. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new position in HF Sinclair in the 4th quarter valued at $43,000. State of Wyoming acquired a new stake in HF Sinclair during the 2nd quarter worth $41,000. Employees Retirement System of Texas purchased a new stake in shares of HF Sinclair during the third quarter worth $74,000. Inspire Investing LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth $98,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of HF Sinclair by 67.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,426 shares of the company’s stock valued at $100,000 after buying an additional 973 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the topic of several recent research reports. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. The Goldman Sachs Group upped their price target on shares of HF Sinclair from $81.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. UBS Group increased their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company raised their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average price target of $79.08.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.