Principal Financial Group Inc. Has $59.40 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Principal Financial Group Inc. cut its stake in shares of HF Sinclair Co. (NYSE:DINO) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,332,544 shares of the company’s stock after selling 49,744 shares during the period. Principal Financial Group Inc. owned 0.71% of HF Sinclair worth $59,397,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC increased its position in HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after buying an additional 226 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 228 shares during the last quarter. Fifth Third Bancorp raised its stake in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the period. Matrix Trust Co lifted its holdings in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its position in HF Sinclair by 7.5% during the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock worth $260,000 after purchasing an additional 342 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Atanas H. Atanasov bought 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 17,000 shares of company stock worth $628,370 in the last ninety days. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on DINO. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. TD Cowen decreased their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley decreased their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and a consensus price target of $51.45.

HF Sinclair Trading Up 0.3 %

Shares of HF Sinclair stock opened at $33.76 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $33.51 and a 12-month high of $64.16. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 20.84 and a beta of 1.20. The firm’s 50-day moving average price is $40.82 and its two-hundred day moving average price is $45.90.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the business posted $4.06 EPS. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, analysts forecast that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.92%. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.