HF Sinclair Co. (NYSE:DINO) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,455,962 shares of the company's stock after acquiring an additional 17,934 shares during the quarter. Principal Financial Group Inc. owned approximately 0.81% of HF Sinclair worth $80,908,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in HF Sinclair by 73.9% during the third quarter. Mackenzie Financial Corp now owns 14,435 shares of the company's stock worth $782,000 after acquiring an additional 6,135 shares in the last quarter. State of Michigan Retirement System boosted its stake in HF Sinclair by 1.3% during the third quarter. State of Michigan Retirement System now owns 46,500 shares of the company's stock worth $2,647,000 after acquiring an additional 600 shares in the last quarter. Securian Asset Management Inc. lifted its stake in shares of HF Sinclair by 7.3% in the third quarter. Securian Asset Management Inc. now owns 12,319 shares of the company's stock worth $701,000 after buying an additional 841 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of HF Sinclair by 12.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 474,725 shares of the company's stock worth $27,026,000 after buying an additional 53,483 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of HF Sinclair by 5.8% in the third quarter. Yousif Capital Management LLC now owns 71,066 shares of the company's stock worth $4,046,000 after buying an additional 3,890 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 7,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Valerie Pompa sold 7,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers acquired 4,180 shares of the stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $58.94 per share, with a total value of $246,369.20. Following the transaction, the director now directly owns 131,793 shares of the company's stock, valued at $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE DINO traded up $0.69 during midday trading on Tuesday, reaching $56.90. The stock had a trading volume of 2,006,432 shares, compared to its average volume of 2,115,495. The stock has a 50-day moving average of $58.44 and a 200-day moving average of $56.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 6.90 and a beta of 1.31. HF Sinclair Co. has a 12-month low of $39.08 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $7.54 billion. During the same period in the prior year, the company posted $2.00 earnings per share. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts anticipate that HF Sinclair Co. will post 6.46 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. HF Sinclair's dividend payout ratio is 24.75%.

Analyst Upgrades and Downgrades

DINO has been the topic of several analyst reports. UBS Group upgraded shares of HF Sinclair from a "neutral" rating to a "buy" rating and upped their target price for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Piper Sandler decreased their price objective on shares of HF Sinclair from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Tuesday. Bank of America raised shares of HF Sinclair from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $62.00 to $78.00 in a report on Friday, March 15th. Barclays started coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an "equal weight" rating and a $60.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of HF Sinclair from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has an average rating of "Moderate Buy" and a consensus target price of $64.92.

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.