Principal Financial Group Inc. Has $42.40 Million Stock Position in HF Sinclair Corporation (NYSE:DINO)

Principal Financial Group Inc. increased its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.68% of HF Sinclair worth $42,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DINO. EverSource Wealth Advisors LLC lifted its position in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after buying an additional 379 shares in the last quarter. Bank & Trust Co grew its stake in shares of HF Sinclair by 8.7% in the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after buying an additional 389 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of HF Sinclair by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after buying an additional 412 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in shares of HF Sinclair by 7.2% in the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock valued at $222,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Performance

Shares of NYSE DINO traded up $1.28 during mid-day trading on Thursday, hitting $46.02. The company had a trading volume of 2,303,377 shares, compared to its average volume of 2,572,568. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of -59.77 and a beta of 0.93. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The firm's 50 day simple moving average is $38.11 and its two-hundred day simple moving average is $35.11.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business's revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DINO shares. Scotiabank lowered their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler lowered their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Wells Fargo & Company increased their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Finally, TD Cowen increased their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

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.