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HF Sinclair Corp DINO

Morningstar Rating
$56.11 −0.25 (0.44%)
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Company Report

HF Sinclair Earnings: Big Buyback Follows Strong Results; Shares Undervalued

HF Sinclair's first-quarter adjusted earnings decreased to $142.3 million from $394.1 million a year ago but exceeded market expectations on lower refining earnings. The firm repurchased $169.6 million in shares during the quarter, in line with the fourth quarter. However, it announced a new $1 billion repurchase authorization, (about 9% of current market cap). Management was not specific on timing but indicated its commitment to return cash to shareholders by leaning into repurchases in the currently strong environment. Combined with a larger repurchase amount in April disclosed by management, we wouldn’t be surprised to see the bulk be used this year.

Price vs Fair Value

DINO is trading at a 326% premium.
Price
$56.11
Fair Value
$68.00
Uncertainty
Very High
1-Star Price
$382.16
5-Star Price
$55.40
Economic Moat
Cyhvg
Capital Allocation
Xgvqbgr

Bulls Say, Bears Say

Bulls

The Sinclair acquisition adds refining assets complementary to HF’s legacy footprint while adding a marketing business that its portfolio lacked, improving competitiveness.

Bears

With a large midcontinent footprint, HF Sinclair is one of the refiners most hit by the narrowing of WTI Brent and other inland heavy crude differentials.

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News

Trading Information

Previous Close Price
$56.36
Day Range
$55.8857.11
52-Week Range
$41.0964.16
Bid/Ask
$55.82 / $56.61
Market Cap
$10.78 Bil
Volume/Avg
1.1 Mil / 2.2 Mil

Key Statistics

Price/Earnings (Normalized)
4.85
Price/Sales
0.34
Dividend Yield (Trailing)
3.37%
Dividend Yield (Forward)
3.55%
Total Yield
11.90%

Company Profile

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually. It holds a marketing business with over 300 distributors and 1,500 wholesale branded sites across 30 states. It also owns and operates 4,400 miles of petroleum product pipelines and terminals principally in the southwestern United States.
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Stock Style Box
Mid Value
Total Number of Employees
5,218

Competitors

Valuation

Metric
DINO
MPC
PSX
Price/Earnings (Normalized)
4.858.9010.58
Price/Book Value
1.092.752.03
Price/Sales
0.340.470.43
Price/Cash Flow
4.905.918.35
Price/Earnings
DINO
MPC
PSX

Financial Strength

Metric
DINO
MPC
PSX
Quick Ratio
1.060.950.74
Current Ratio
2.171.431.17
Interest Coverage
11.639.588.79
Quick Ratio
DINO
MPC
PSX

Profitability

Metric
DINO
MPC
PSX
Return on Assets (Normalized)
8.67%10.60%7.88%
Return on Equity (Normalized)
15.99%36.66%19.90%
Return on Invested Capital (Normalized)
12.01%16.02%12.71%
Return on Assets
DINO
MPC
PSX
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