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Holly Energy Partners, L.P. (NYSE:HEP)’s share price fell 2.5% during trading on Friday following insider selling activity, American Banking News.com reports. The stock traded as low as $35.40 and last traded at $35.40, with a volume of 68,183 shares traded. The stock had previously closed at $36.32.

Specifically, Director William P. Stengel unloaded 2,208 shares of Holly Energy Partners, L.P. stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $35.82, for a total transaction of $79,090.56. The transaction 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 upgraded shares of Holly Energy Partners, L.P. from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $36.20 price target on the stock. Analysts at Howard Weil raised their price target on shares of Holly Energy Partners, L.P. from $34.00 to $35.00 in a research note on Friday, May 2nd. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.80.

The stock’s 50-day moving average is $33.92 and its 200-day moving average is $32.. The company has a market cap of $2.071 billion and a P/E ratio of 38.11.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.05. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $77.52 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts expect that Holly Energy Partners, L.P. will post $1.24 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.

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