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

Principal Financial Group Inc. decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,261,746 shares of the company’s stock after selling 70,798 shares during the quarter. Principal Financial Group Inc. owned approximately 0.67% of HF Sinclair worth $44,226,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DINO. JPMorgan Chase & Co. grew its holdings in shares of HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of HF Sinclair during the third quarter worth about $1,253,000. Merit Financial Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth about $263,000. Blue Trust Inc. grew its holdings in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after buying an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of HF Sinclair during the third quarter worth about $5,927,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO stock opened at $37.51 on Friday. The firm has a 50 day moving average of $36.01 and a 200-day moving average of $41.34. HF Sinclair Co. has a 12-month low of $33.47 and a 12-month 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 company has a market cap of $7.06 billion, a price-to-earnings ratio of 23.15 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. As a group, equities analysts expect that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

Insider Activity

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DINO shares. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and a consensus price target of $51.00.

About HF Sinclair

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.