HF Sinclair Corporation (NYSE:DINO) Shareholders Set to Receive $0.53 Quarterly Dividend

HF Sinclair Corporation (NYSE:DINO) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share on Wednesday, December 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, November 12th.

HF Sinclair has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. HF Sinclair has a payout ratio of 66.5% meaning its dividend is sufficiently covered by earnings. Analysts expect HF Sinclair to earn $15.56 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 13.5%.

HF Sinclair Stock Performance

DINO opened at $112.30 on Thursday. The firm has a market cap of $19.97 billion, a P/E ratio of 10.72 and a beta of 0.72. HF Sinclair has a 52-week low of $45.71 and a 52-week high of $129.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The business’s fifty day moving average is $111.11 and its 200-day moving average is $77.57.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, topping the consensus estimate of $7.83 by $3.92. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the business posted $2.44 earnings per share. HF Sinclair’s revenue was up 49.7% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair will post 19.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DINO. Morgan Stanley boosted their target price on shares of HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Barclays raised their target price on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Mizuho boosted their price target on HF Sinclair from $85.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Finally, TD Cowen upped their price objective on HF Sinclair from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.75.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.