Principal Financial Group Inc. Purchases 27,764 Shares of HF Sinclair Corporation (NYSE:DINO)

Principal Financial Group Inc. boosted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,289,510 shares of the company's stock after acquiring an additional 27,764 shares during the period. Principal Financial Group Inc. owned 0.68% of HF Sinclair worth $42,399,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares during the period. Bank & Trust Co lifted its position in shares of HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after purchasing an additional 389 shares during the period. ProShare Advisors LLC lifted its position in shares of HF Sinclair by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock worth $262,000 after purchasing an additional 412 shares during the period. Finally, Forum Financial Management LP lifted its position in shares of HF Sinclair by 7.2% in the 4th quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock worth $222,000 after purchasing an additional 424 shares during the period. Institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DINO shares. Wells Fargo & Company raised their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Piper Sandler dropped their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Scotiabank dropped their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays raised their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.70.

HF Sinclair Trading Up 1.4%

Shares of NYSE DINO opened at $44.15 on Monday. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $52.88. The stock has a market cap of $8.32 billion, a P/E ratio of -57.34 and a beta of 0.93. The firm has a 50-day moving average of $37.26 and a 200 day moving average of $34.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.53%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

About HF Sinclair

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.

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