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DALLAS - Energy company HF Sinclair Corporation (NYSE:DINO), a $7.7 billion market cap refiner with a notable 4.87% dividend yield, announced Wednesday it has dual-listed its common stock on NYSE Texas, the new electronic equities exchange based in Dallas, while maintaining its primary listing on the New York Stock Exchange. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment.
The company will continue trading under its existing DINO ticker symbol on both exchanges, according to a press release statement.
"This dual listing demonstrates our support for business-friendly principles and the growing capital markets infrastructure in the state of Texas," said HF Sinclair’s Chief Executive Officer, Tim Go.
Chris Taylor, Chief Development Officer of NYSE Group, noted that HF Sinclair joins as a "Founding Member" of NYSE Texas.
HF Sinclair, headquartered in Dallas, is an independent energy company that produces and markets petroleum products including gasoline, diesel fuel, jet fuel, renewable diesel, lubricants and specialty products.
The company operates refineries in six states - Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah - and provides petroleum product transportation, terminalling, storage and throughput services.
HF Sinclair markets its refined products primarily in the Southwest U.S., Rocky Mountains, Pacific Northwest and neighboring Plains states. The company supplies fuels to more than 1,600 branded stations and licenses the Sinclair brand at over 300 additional locations throughout the country.
In other recent news, HF Sinclair Corporation reported its first-quarter 2025 earnings, which revealed a net loss of $4 million, or $0.02 per diluted share. The adjusted net loss was $50 million, translating to a $0.27 loss per share, with revenue falling short of expectations at $6.37 billion against a forecast of $6.73 billion. Despite these results, Piper Sandler analysts reaffirmed their Overweight rating on HF Sinclair, maintaining a price target of $43.00, citing a strong margin backdrop and potential upward revisions for the second quarter. Mizuho Securities also upgraded HF Sinclair from Neutral to Outperform, setting a new price target of $47.00, based on a reassessment of the company’s prospects and improving U.S. refining fundamentals. The analysts at Piper Sandler forecast second-quarter EPS/EBITDA at $1.19/$508 million compared to the Street’s $0.95/$424 million. Mizuho’s upgrade reflects an anticipation of improved refining margins due to a tight inventory situation and weakening oil prices. Despite the recent financial setbacks, HF Sinclair remains optimistic about future growth, driven by strategic investments and operational efficiencies.
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