Piper Sandler Keeps Their Buy Rating on HF Sinclair Corporation (DINO)

Piper Sandler analyst Ryan Todd maintained a Buy rating on HF Sinclair Corporation (DINO – Research Report) today and set a price target of $70.00. The company’s shares closed yesterday at $60.95.

Todd covers the Energy sector, focusing on stocks such as PBF Energy, Par Pacific Holdings, and HF Sinclair Corporation. According to TipRanks, Todd has an average return of 9.0% and a 59.96% success rate on recommended stocks.

HF Sinclair Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $66.00, implying an 8.29% upside from current levels. In a report released on April 5, Wells Fargo also assigned a Buy rating to the stock with a $70.00 price target.

Based on HF Sinclair Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.91 billion and a net profit of $790.92 million. In comparison, last year the company earned a revenue of $10.6 billion and had a net profit of $954.41 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DINO in relation to earlier this year.

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HF Sinclair Corporation (DINO) Company Description:

HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, and modified asphalt. The firm operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP). The Refining segment includes the operations in El Dorado, Tulsa, Navajo, Cheyenne, and Woods Cross Refineries. The Lubricants and Specialty Products segment offers base oil production activities, by-product sales to third parties, and intra-segment base oil sales to rack forward which includes includes the purchase of base oils and the blending, packaging, marketing and distribution and sales of finished lubricants and specialty products to third parties. The HEP segment relates to all of the operations of HEP. The company was founded in 1947 and is headquartered in Dallas, TX.