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RBC Capital Maintains Their Buy Rating on HF Sinclair Corporation (DINO)

In a report issued on July 15, T J Schultz from RBC Capital maintained a Buy rating on HF Sinclair Corporation (DINOResearch Report), with a price target of $67.00. The company’s shares closed last Monday at $44.94.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.9% and a 64.6% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Equitrans Midstream, and Rattler Midstream.

HF Sinclair Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $56.40, representing a 25.2% upside. In a report issued on July 15, Morgan Stanley also maintained a Buy rating on the stock with a $60.00 price target.

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Based on HF Sinclair Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.46 billion and net profit of $160 million. In comparison, last year the company earned revenue of $3.5 billion and had a net profit of $148 million.

Based on the recent corporate insider activity of 38 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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