HF Sinclair (NYSE:DINO) Releases Earnings Results, Beats Expectations By $0.82 EPS

HF Sinclair (NYSE:DINO) released its earnings results on Tuesday. The company reported $5.31 earnings per share (EPS) 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 the consensus estimate of $8.68 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis.

HF Sinclair Price Performance

Shares of DINO opened at $91.37 on Tuesday. The company’s 50-day moving average is $74.16 and its 200-day moving average is $63.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The firm has a market capitalization of $16.47 billion, a PE ratio of 13.78 and a beta of 0.72. HF Sinclair has a fifty-two week low of $42.16 and a fifty-two week high of $93.66.

HF Sinclair Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DINO shares. Wells Fargo & Company increased their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Mizuho reiterated a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $79.08.

Insider Buying and Selling at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vivek Garg sold 717 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,736 shares of company stock worth $954,694 in the last ninety days. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently made changes to their positions in the company. Armistice Capital LLC bought a new stake in HF Sinclair in the 4th quarter valued at $322,000. VestGen Advisors LLC grew its holdings in HF Sinclair by 7.6% in the 4th quarter. VestGen Advisors LLC now owns 5,267 shares of the company’s stock valued at $243,000 after buying an additional 370 shares in the last quarter. Oxford Asset Management LLP acquired a new position in HF Sinclair in the 4th quarter valued at $230,000. Harvest Fund Management Co. Ltd bought a new position in HF Sinclair during the 3rd quarter worth $224,000. Finally, Parallel Advisors LLC increased its position in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after buying an additional 221 shares during the period. Institutional investors own 88.29% of the company’s stock.

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.