Meeder Advisory Services Inc. Invests $402,000 in HF Sinclair Corporation $DINO

Meeder Advisory Services Inc. purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,775 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in HF Sinclair during the 2nd quarter worth approximately $1,291,602,000. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after buying an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after buying an additional 48,103 shares in the last quarter. Finally, State Street Corp grew its holdings in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after acquiring an additional 22,150 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $97.13 on Friday. The business has a 50 day moving average price of $81.48 and a 200 day moving average price of $68.67. The company has a market capitalization of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $97.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.HF Sinclair’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Sell-side analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is presently 20.04%.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 11,955 shares of company stock valued at $968,455 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DINO. Evercore assumed coverage on HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. Morgan Stanley increased their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, UBS Group raised their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair 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.