Holly Energy Partners, L.P. CEO Michael Jennings Purchases 1,000 Shares (HEP)
Holly Energy Partners, L.P. (NYSE:HEP) CEO Michael Jennings purchased 1,000 shares of the stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $33.55 per share, for a total transaction of $33,550.00. Following the purchase, the chief executive officer now directly owns 7,000 shares in the company, valued at approximately $234,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Holly Energy Partners, L.P. (NYSE:HEP) traded up 2.49% on Tuesday, hitting $34.8675. The stock had a trading volume of 29,238 shares. Holly Energy Partners, L.P. has a one year low of $29.55 and a one year high of $40.00. The stock has a 50-day moving average of $34.2 and a 200-day moving average of $32.97. The company has a market cap of $2.045 billion and a price-to-earnings ratio of 35.70.
Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Holly Energy Partners, L.P.’s revenue was up 17.1% compared to the same quarter last year. On average, analysts predict that Holly Energy Partners, L.P. will post $1.24 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.80.
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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