Analysts’ Weekly Ratings Updates for Holly Energy Partners (HEP)

Several analysts have recently updated their ratings and price targets for Holly Energy Partners (NYSE: HEP):

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  • 11/5/2019 – Holly Energy Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 11/1/2019 – Holly Energy Partners was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/31/2019 – Holly Energy Partners was upgraded by analysts at Cfra from a “sell” rating to a “hold” rating.
  • 10/18/2019 – Holly Energy Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 10/17/2019 – Holly Energy Partners had its price target lowered by analysts at UBS Group AG from $28.00 to $22.00. They now have a “neutral” rating on the stock.
  • 10/15/2019 – Holly Energy Partners was given a new $23.00 price target on by analysts at Barclays PLC. They now have a “sell” rating on the stock.
  • 10/11/2019 – Holly Energy Partners was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/2/2019 – Holly Energy Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/2/2019 – Holly Energy Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “

Shares of HEP stock traded up $0.18 during trading hours on Friday, hitting $23.24. The company’s stock had a trading volume of 272,036 shares, compared to its average volume of 238,710. The company has a 50 day moving average of $23.57 and a 200 day moving average of $26.57. The stock has a market cap of $2.44 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 11.78 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.08. Holly Energy Partners, L.P. has a 12-month low of $20.81 and a 12-month high of $31.23.

Holly Energy Partners (NYSE:HEP) last released its quarterly earnings data on Wednesday, October 30th. The pipeline company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $135.90 million for the quarter, compared to the consensus estimate of $129.88 million. Holly Energy Partners had a net margin of 42.47% and a return on equity of 40.22%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, analysts anticipate that Holly Energy Partners, L.P. will post 1.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, October 28th will be issued a dividend of $0.6725 per share. This represents a $2.69 dividend on an annualized basis and a yield of 11.57%. The ex-dividend date of this dividend is Friday, October 25th. Holly Energy Partners’s dividend payout ratio (DPR) is presently 158.24%.

A number of hedge funds and other institutional investors have recently made changes to their positions in HEP. Invesco Ltd. acquired a new stake in Holly Energy Partners during the second quarter worth about $167,852,000. Energy Income Partners LLC increased its position in Holly Energy Partners by 1.0% during the second quarter. Energy Income Partners LLC now owns 5,270,483 shares of the pipeline company’s stock worth $144,938,000 after purchasing an additional 49,856 shares during the last quarter. Tiedemann Advisors LLC increased its position in Holly Energy Partners by 22.4% during the third quarter. Tiedemann Advisors LLC now owns 535,976 shares of the pipeline company’s stock worth $13,545,000 after purchasing an additional 98,133 shares during the last quarter. Morgan Stanley increased its position in Holly Energy Partners by 74.6% during the second quarter. Morgan Stanley now owns 338,398 shares of the pipeline company’s stock worth $9,307,000 after purchasing an additional 144,548 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Holly Energy Partners by 42.2% during the second quarter. First Trust Advisors LP now owns 225,975 shares of the pipeline company’s stock worth $6,214,000 after purchasing an additional 67,071 shares during the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.

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