Holly Energy Partners (HEP) Sets New 12-Month Low at $26.68

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Holly Energy Partners, L.P. (NYSE:HEP) shares reached a new 52-week low on Wednesday . The company traded as low as $26.68 and last traded at $26.92, with a volume of 1492 shares trading hands. The stock had previously closed at $27.19.

HEP has been the topic of a number of analyst reports. Zacks Investment Research raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine cut Holly Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Barclays reaffirmed a “sell” rating on shares of Holly Energy Partners in a research report on Wednesday, February 20th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Holly Energy Partners has a consensus rating of “Sell” and a consensus price target of $31.60.

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.64 and a beta of 0.78.

Holly Energy Partners (NYSE:HEP) last posted its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. Holly Energy Partners had a return on equity of 32.61% and a net margin of 35.33%. The company had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $128.80 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Holly Energy Partners, L.P. will post 1.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, April 29th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Holly Energy Partners’s previous quarterly dividend of $0.67. This represents a $2.68 dividend on an annualized basis and a yield of 10.08%. Holly Energy Partners’s payout ratio is currently 157.65%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC lifted its holdings in Holly Energy Partners by 5.7% in the 1st quarter. Virtu Financial LLC now owns 16,419 shares of the pipeline company’s stock worth $443,000 after purchasing an additional 892 shares in the last quarter. Avalon Advisors LLC lifted its holdings in Holly Energy Partners by 3.3% in the 1st quarter. Avalon Advisors LLC now owns 31,044 shares of the pipeline company’s stock worth $838,000 after purchasing an additional 990 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Holly Energy Partners by 16.3% in the 4th quarter. Private Advisor Group LLC now owns 8,816 shares of the pipeline company’s stock worth $252,000 after purchasing an additional 1,235 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Holly Energy Partners by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,410 shares of the pipeline company’s stock worth $725,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Lindbrook Capital LLC purchased a new position in Holly Energy Partners in the 4th quarter worth approximately $39,000. 32.28% of the stock is currently owned by institutional investors.

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Holly Energy Partners Company Profile (NYSE:HEP)

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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