Principal Financial Group Inc. Lowers Position in HF Sinclair Co. (NYSE:DINO)

Principal Financial Group Inc. decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,261,746 shares of the company's stock after selling 70,798 shares during the period. Principal Financial Group Inc. owned about 0.67% of HF Sinclair worth $44,226,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Buckhead Capital Management LLC lifted its holdings in HF Sinclair by 15.7% in the fourth quarter. Buckhead Capital Management LLC now owns 67,321 shares of the company's stock worth $2,360,000 after acquiring an additional 9,131 shares during the last quarter. Van ECK Associates Corp boosted its stake in HF Sinclair by 9.3% during the fourth quarter. Van ECK Associates Corp now owns 88,580 shares of the company's stock valued at $3,105,000 after buying an additional 7,531 shares in the last quarter. Single Point Partners LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth approximately $1,448,000. Cambiar Investors LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at $7,751,000. Finally, Entropy Technologies LP purchased a new stake in HF Sinclair during the fourth quarter valued at about $1,393,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Down 3.0 %

NYSE DINO traded down $1.12 during trading hours on Friday, hitting $36.32. 3,752,329 shares of the company's stock were exchanged, compared to its average volume of 2,719,395. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $36.01 and a 200 day simple moving average of $41.34. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 22.42 and a beta of 1.22.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. On average, equities analysts forecast that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. HF Sinclair's dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent research reports. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company lowered shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. UBS Group reduced their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Barclays reduced their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average target price of $51.00.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

HF Sinclair 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.