Goldman Sachs Lifts HF Sinclair Corp (DINO) Price Target, Asserts Buy Rating

HF Sinclair Corporation (NYSE:DINO) is one of the best mid-cap value stocks to buy right now. On August 15, Goldman Sachs reiterated a ‘Buy’ rating on the stock and raised the price target to $54 from $52. The investment bank cited the stock’s attractive valuation with a 24% total return as one of the reasons behind the price target hike.

Additionally, HF Sinclair has reiterated its commitment to returning shareholder value, having maintained dividend payments for 38 consecutive years. The stock remains a firm favorite among income-focused investors, with a 4.29% dividend yield.

Goldman Sachs has echoed the company’s diversified earnings stream, including its Midstream Lubricants and marketing businesses, which support the price target hike. Additionally, it anticipates that the widening of the Western Canadian Select differential will create a more favorable environment for HF Sinclair to thrive. HF Sinclair delivered adjusted earnings per share of $1.70 in the second quarter, well above the expected $1.05 per share.

HF Sinclair Corporation (NYSE:DINO) is an independent energy company that refines, produces, and markets petroleum and renewable products, including gasoline, diesel, jet fuel, and renewable diesel, as well as lubricants, asphalt, and specialty products for various industries worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.