Principal Financial Group Inc. Sells 12,513 Shares of HF Sinclair Corporation $DINO

Principal Financial Group Inc. cut its holdings in HF Sinclair Corporation (NYSE:DINO) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 862,243 shares of the company’s stock after selling 12,513 shares during the period. Principal Financial Group Inc.’s holdings in HF Sinclair were worth $53,795,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DINO. Virtus Investment Advisers LLC grew its holdings in HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after buying an additional 210 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after acquiring an additional 228 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research reports. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Evercore initiated coverage on HF Sinclair in a research report on Friday. They set an “in-line” rating and a $85.00 price objective for the company. Scotiabank boosted their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.17.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Vivek Garg sold 717 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock valued at $954,694 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

DINO stock opened at $88.56 on Friday. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $88.74. The firm has a market capitalization of $15.96 billion, a P/E ratio of 13.32 and a beta of 0.72. The company has a fifty day simple moving average of $71.79 and a two-hundred day simple moving average of $61.52. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) EPS. Analysts anticipate that HF Sinclair Corporation will post 10.27 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.