Holly Energy Partners, L.P. (NYSE:HEP) Director Michael Jennings sold 4,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.51, for a total value of $130,040.00. Following the completion of the transaction, the director now directly owns 22,978 shares in the company, valued at approximately $747,014.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Holly Energy Partners, L.P. (HEP) traded up $0.66 on Thursday, reaching $33.11. The company had a trading volume of 241,208 shares, compared to its average volume of 174,610. The stock has a market cap of $2,056.92, a PE ratio of 18.38, a price-to-earnings-growth ratio of 10.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.10 and a quick ratio of 1.10. Holly Energy Partners, L.P. has a twelve month low of $30.11 and a twelve month high of $38.09.

Holly Energy Partners (NYSE:HEP) last issued its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.20. The business had revenue of $110.40 million for the quarter, compared to analysts’ expectations of $113.01 million. Holly Energy Partners had a return on equity of 34.29% and a net margin of 34.35%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. research analysts predict that Holly Energy Partners, L.P. will post 1.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were issued a dividend of $0.645 per share. This is a boost from Holly Energy Partners’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.58 dividend on an annualized basis and a yield of 7.79%. Holly Energy Partners’s dividend payout ratio is 166.45%.

Several research analysts have weighed in on HEP shares. Zacks Investment Research raised Holly Energy Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, November 3rd. UBS cut their price objective on Holly Energy Partners from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Barclays reissued an “equal weight” rating and issued a $35.00 price objective on shares of Holly Energy Partners in a research report on Friday, November 10th. Scotiabank set a $34.00 price objective on Holly Energy Partners and gave the stock a “hold” rating in a research report on Friday, October 20th. Finally, BidaskClub raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Holly Energy Partners has an average rating of “Hold” and a consensus target price of $35.50.

A number of institutional investors and hedge funds have recently modified their holdings of HEP. Penserra Capital Management LLC increased its stake in Holly Energy Partners by 424.8% in the 2nd quarter. Penserra Capital Management LLC now owns 3,831 shares of the pipeline company’s stock worth $123,000 after acquiring an additional 3,101 shares during the last quarter. Advisor Group Inc. increased its stake in Holly Energy Partners by 477.5% in the 2nd quarter. Advisor Group Inc. now owns 4,204 shares of the pipeline company’s stock worth $137,000 after acquiring an additional 3,476 shares during the last quarter. Creative Planning increased its stake in Holly Energy Partners by 17.0% in the 2nd quarter. Creative Planning now owns 5,378 shares of the pipeline company’s stock worth $175,000 after acquiring an additional 782 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Holly Energy Partners by 11.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 7,080 shares of the pipeline company’s stock worth $250,000 after acquiring an additional 713 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in Holly Energy Partners in the 1st quarter worth about $310,000. 48.60% of the stock is currently owned by institutional investors and hedge funds.

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Holly Energy Partners Company Profile

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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