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

Principal Financial Group Inc. lifted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,289,510 shares of the company's stock after purchasing an additional 27,764 shares during the period. Principal Financial Group Inc. owned 0.68% of HF Sinclair worth $42,399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth about $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at $35,000. Finally, UMB Bank n.a. grew its holdings in shares of HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after buying an additional 1,498 shares during the period. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 0.3%

NYSE:DINO traded down $0.15 on Wednesday, reaching $44.73. 2,185,139 shares of the stock traded hands, compared to its average volume of 2,573,645. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of -58.09 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company's fifty day simple moving average is $38.11 and its 200 day simple moving average is $35.11.

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

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DINO. Wells Fargo & Company upped 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 note on Wednesday, June 11th. Morgan Stanley lowered their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays raised their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday. Piper Sandler lowered their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $44.80.

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.