Franklin Resources Inc. Has $7.36 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Franklin Resources Inc. cut its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 43.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,603 shares of the company's stock after selling 125,254 shares during the period. Franklin Resources Inc. owned approximately 0.09% of HF Sinclair worth $7,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after acquiring an additional 626,755 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock valued at $306,665,000 after purchasing an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HF Sinclair by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock worth $218,163,000 after purchasing an additional 165,313 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DINO. UBS Group decreased their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Barclays cut their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. TD Cowen decreased their price target on 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, BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $51.45.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,000 shares of company stock valued at $628,370. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Up 1.1 %

Shares of DINO traded up $0.37 during trading hours on Monday, reaching $34.13. The company's stock had a trading volume of 2,368,576 shares, compared to its average volume of 2,049,017. The company has a 50 day moving average of $40.82 and a two-hundred day moving average of $45.84. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 21.07 and a beta of 1.20. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company's revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 EPS. As a group, research analysts predict that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.86%. HF Sinclair's payout ratio is 123.46%.

HF Sinclair 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.