On September 16, HF Sinclair Corporation rose 5.02% in regular trading, trading at 112.24 USD/share, with turnover of approximately $163 million. The move was driven by a significant price target upgrade from UBS alongside broad strength across the oil refining sector.

UBS recently raised its price target on HF Sinclair Corporation from $105 to $126 while maintaining a Buy rating, implying further upside from current levels. The upgrade followed the company's announcement of a new $1.5 billion share repurchase program effective August 26, replacing all prior authorizations. UBS noted that the buyback signals management is treating current refining profits as a sustainable source of shareholder returns rather than a temporary windfall, reflecting a more shareholder-friendly capital allocation strategy.

The broader refining sector also saw notable gains, with PBF Energy up 7.03%, Marathon Petroleum up 3.97%, Delek US up 3.56%, Valero up 3.81%, and Phillips 66 up 3.35%, reinforcing sector-wide momentum behind the move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)