Franklin Resources Inc. Acquires 59,058 Shares of HF Sinclair Co. (NYSE:DINO)

Franklin Resources Inc. grew its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 221,661 shares of the company's stock after acquiring an additional 59,058 shares during the quarter. Franklin Resources Inc. owned 0.12% of HF Sinclair worth $7,769,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair in the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the period. Finally, IFP Advisors Inc grew its holdings in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 0.5 %

NYSE DINO traded down $0.14 during trading hours on Tuesday, reaching $27.72. 382,304 shares of the company's stock traded hands, compared to its average volume of 2,362,598. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $60.55. The firm has a 50-day simple moving average of $33.06 and a 200 day simple moving average of $37.26. The firm has a market cap of $5.22 billion, a PE ratio of 33.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

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HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.22%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DINO shares. TD Cowen lowered 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 note on Wednesday, December 18th. Mizuho reduced their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Barclays dropped their price objective on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, Scotiabank dropped their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $45.70.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company's stock.

HF Sinclair Company 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.