HF Sinclair Corporation $DINO Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 874,756 shares of the company’s stock after selling 63,399 shares during the period. Principal Financial Group Inc.’s holdings in HF Sinclair were worth $40,310,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Truist Financial Corp increased its position in shares of HF Sinclair by 515.9% during the fourth quarter. Truist Financial Corp now owns 47,701 shares of the company’s stock valued at $2,198,000 after acquiring an additional 39,956 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of HF Sinclair during the fourth quarter valued at about $14,294,000. Gibraltar Capital Management Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter valued at about $251,000. Horizon Investments LLC increased its position in shares of HF Sinclair by 41,162.7% during the fourth quarter. Horizon Investments LLC now owns 82,938 shares of the company’s stock valued at $3,822,000 after acquiring an additional 82,737 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of HF Sinclair by 1.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 38,587 shares of the company’s stock valued at $1,778,000 after acquiring an additional 672 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Up 2.7%

Shares of NYSE:DINO opened at $72.38 on Friday. The company has a market capitalization of $13.05 billion, a PE ratio of 10.88 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a twelve month low of $33.96 and a twelve month high of $74.72. The firm has a 50 day simple moving average of $59.43 and a 200-day simple moving average of $54.36.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the firm earned ($0.27) EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair Corporation will post 8.62 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be given a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.8%. HF Sinclair’s dividend payout ratio is 30.08%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DINO. The Goldman Sachs Group restated a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a report on Wednesday. Mizuho lifted their price objective on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Barclays lifted their price objective on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, TD Cowen lifted their price objective on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

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.