HF Sinclair Corporation (NYSE:DINO – Get Free Report) 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 3 years. HF Sinclair has a dividend payout ratio of 66.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 1.7%
DINO opened at $112.30 on Thursday. The stock has a market cap of $19.97 billion, a P/E ratio of 10.72 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock’s 50 day moving average price is $111.11 and its 200 day moving average price is $77.57. HF Sinclair has a 12 month low of $45.71 and a 12 month high of $129.37.
HF Sinclair (NYSE:DINO – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. The firm had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm’s revenue was up 49.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 earnings per share. As a group, research analysts predict that HF Sinclair will post 19.22 earnings per share for the current year.
Insider Transactions at HF Sinclair
In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HF Sinclair
Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of HF Sinclair in the third quarter worth about $16,057,000. Profund Advisors LLC acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $305,000. Vise Technologies Inc. grew its stake in shares of HF Sinclair by 23.9% in the third quarter. Vise Technologies Inc. now owns 12,644 shares of the company’s stock valued at $1,357,000 after buying an additional 2,443 shares in the last quarter. Unison Advisors LLC increased its position in HF Sinclair by 0.6% during the third quarter. Unison Advisors LLC now owns 23,890 shares of the company’s stock worth $2,564,000 after buying an additional 151 shares during the last quarter. Finally, Intrua Financial LLC increased its holdings in shares of HF Sinclair by 9.2% in the third quarter. Intrua Financial LLC now owns 6,059 shares of the company’s stock valued at $650,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.
About HF Sinclair
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.
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