A number of firms have modified their ratings and price targets on shares of Holly Energy Partners, L.P. (NYSE: HEP) recently:

  • 8/2/2017 – Holly Energy Partners, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/27/2017 – Holly Energy Partners, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Holly Energy Partners, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 7/21/2017 – Holly Energy Partners, L.P. was given a new $34.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 7/12/2017 – Holly Energy Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “
  • 6/27/2017 – Holly Energy Partners, L.P. was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Holly Energy Partners, L.P. (NYSE HEP) traded down 2.19% during mid-day trading on Tuesday, reaching $33.09. The company’s stock had a trading volume of 146,463 shares. Holly Energy Partners, L.P. has a 52 week low of $29.53 and a 52 week high of $38.09. The firm has a market capitalization of $2.13 billion, a PE ratio of 27.55 and a beta of 0.86. The firm has a 50-day moving average of $33.00 and a 200-day moving average of $34.63.

Holly Energy Partners, L.P. (NYSE:HEP) last announced its earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.12. The business had revenue of $109.14 million for the quarter, compared to analyst estimates of $113.12 million. Holly Energy Partners, L.P. had a net margin of 34.06% and a return on equity of 34.14%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts forecast that Holly Energy Partners, L.P. will post $1.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.6325 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. This represents a $2.53 annualized dividend and a dividend yield of 7.65%. Holly Energy Partners, L.P.’s dividend payout ratio (DPR) is currently 207.38%.

Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

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