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

Principal Financial Group Inc. lowered its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,332,544 shares of the company's stock after selling 49,744 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of HF Sinclair worth $59,397,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of HF Sinclair in the first quarter worth about $1,146,000. Oppenheimer & Co. Inc. lifted its holdings in HF Sinclair by 99.4% in the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company's stock valued at $2,287,000 after acquiring an additional 18,886 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $785,000. Neo Ivy Capital Management purchased a new position in HF Sinclair during the second quarter valued at $806,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of HF Sinclair by 22.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company's stock worth $13,209,000 after acquiring an additional 40,357 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.28 during midday trading on Friday, reaching $41.81. The company had a trading volume of 1,533,593 shares, compared to its average volume of 2,025,146. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm's fifty day simple moving average is $44.39 and its 200-day simple moving average is $49.26. The company has a market capitalization of $7.87 billion, a P/E ratio of 25.81 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. During the same period in the previous year, the firm posted $4.06 earnings per share. The business's revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.78%. HF Sinclair's dividend payout ratio (DPR) is 123.46%.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DINO. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Barclays reduced their price target on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Finally, Mizuho decreased their price target on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.45.

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.