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Holly Energy Partners, L.P. (NYSE:HEP) was up 2.8% during mid-day trading on Tuesday following insider buying activity, AnalystRatings.Net reports. The company traded as high as $35.01 and last traded at $34.97, with a volume of 97,844 shares. The stock had previously closed at $34.02.

Specifically, CEO Michael Jennings bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $33.55 per share, with a total value of $33,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on HEP. 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. Holly Energy Partners, L.P. currently has a consensus rating of “Hold” and a consensus target price of $34.80.

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 $2.049 billion and a price-to-earnings ratio of 35.70.

Holly Energy Partners, L.P. (NYSE:HEP) last released its earnings data on Thursday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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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