Holly Energy Partners, L.P. Director Charles Iv Darling Unloads 1,200 Shares (HEP)
Holly Energy Partners, L.P. (NYSE:HEP) Director Charles Iv Darling sold 1,200 shares of Holly Energy Partners, L.P. stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $33.83, for a total transaction of $40,596.00. Following the transaction, the director now directly owns 21,153 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
HEP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Holly Energy Partners, L.P. (NYSE:HEP) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 7th. They now have a $36.30 price target on the stock. Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Holly Energy Partners, L.P. (NYSE:HEP) in a research note to investors on Wednesday, July 31st. They now have a $35.00 price target on the stock, down previously from $37.00. Finally, analysts at UBS AG raised their price target on shares of Holly Energy Partners, L.P. (NYSE:HEP) from $37.00 to $38.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock.
Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Holly Energy Partners, L.P. presently has a consensus rating of “Hold” and a consensus price target of $42.46.
Holly Energy Partners, L.P. (NYSE:HEP) traded up 2.03% on Thursday, hitting $34.68. The stock had a trading volume of 96,403 shares. Holly Energy Partners, L.P. has a 1-year low of $30.19 and a 1-year high of $44.90. The stock’s 50-day moving average is $36.43 and its 200-day moving average is $38.33. The company has a market cap of $2.034 billion and a P/E ratio of 29.95.
Holly Energy Partners, L.P. (NYSE:HEP) last announced its earnings results on Tuesday, July 30th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.07. The company had revenue of $75.28 million for the quarter, compared to the consensus estimate of $75.91 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Holly Energy Partners, L.P. will post $1.13 EPS for the current fiscal year.
Holly Energy Partners, L.P. (NYSE:HEP) is engaged principally in the business of operating a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals and loading rack facilities in west Texas, New Mexico, Utah, Arizona, Oklahoma, Idaho and Washington.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.