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

Meeder Advisory Services Inc. bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,775 shares of the company’s stock, valued at approximately $402,000.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth about $33,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $29,000. Fairway Wealth LLC purchased a new stake in HF Sinclair during the first quarter worth approximately $41,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair in the fourth quarter valued at approximately $36,000. Finally, Main Street Group LTD acquired a new position in HF Sinclair in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $97.13 on Friday. The company’s 50 day simple moving average is $81.48 and its 200-day simple moving average is $68.67. The firm has a market cap of $17.27 billion, a PE ratio of 9.27 and a beta of 0.70. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $97.63. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DINO. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Morgan Stanley upped their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Freedom Capital lowered HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial set a $105.00 target price on HF Sinclair in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Buying and Selling at HF Sinclair

In other news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,955 shares of company stock valued at $968,455 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

HF Sinclair Company 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.