Piper Sandler Maintains Overweight Rating for HF Sinclair: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of HF Sinclair DINO and raise its price target from $70.00 to $71.00.

Shares of HF Sinclair are trading down 6.56% over the last 24 hours, at $48.83 per share.

A move to $71.00 would account for a 45.4% increase from the current share price.

About HF Sinclair

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It is investing to produce 380 million gallons of renewable diesel annually. It holds a marketing business with over 300 distributors and 1,300 wholesale branded sites across 30 states. It also has a 47% ownership stake in Holly Energy Partners, which owns and operates petroleum product pipelines and terminals principally in the southwestern United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.