Principal Financial Group Inc. Cuts Stake in HF Sinclair Corporation $DINO

Principal Financial Group Inc. cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 22.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 938,155 shares of the company’s stock after selling 274,812 shares during the period. Principal Financial Group Inc.’s holdings in HF Sinclair were worth $49,104,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DINO. Quent Capital LLC purchased a new stake in HF Sinclair in the third quarter valued at about $28,000. Kiker Wealth Management LLC acquired a new stake in HF Sinclair in the 2nd quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $33,000. State of Wyoming acquired a new position in HF Sinclair during the 2nd quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of HF Sinclair by 203.5% in the second quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock worth $63,000 after buying an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $56.88 on Thursday. The business’s 50-day moving average is $49.40 and its two-hundred day moving average is $50.05. The company has a market capitalization of $10.46 billion, a P/E ratio of 27.22 and a beta of 0.87. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $57.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DINO shares. UBS Group boosted their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Morgan Stanley lifted their price target on HF Sinclair from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Mizuho increased their price objective on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Scotiabank restated an “outperform” rating and issued a $62.00 price objective on shares of HF Sinclair in a research note on Friday, January 16th. Finally, Piper Sandler decreased their target price on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.90.

About HF Sinclair

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.