Holly Energy Partners (HEP) to Release Quarterly Earnings on Monday

Holly Energy Partners (NYSE:HEP) will issue its quarterly earnings data before the market opens on Monday, February 19th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Shares of Holly Energy Partners (HEP) opened at $29.74 on Monday. The company has a market capitalization of $3,020.63, a price-to-earnings ratio of 17.09, a PEG ratio of 7.83 and a beta of 0.74. Holly Energy Partners has a 52 week low of $28.48 and a 52 week high of $37.66. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.10 and a current ratio of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 8.74%. This is a boost from Holly Energy Partners’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, February 2nd. Holly Energy Partners’s payout ratio is presently 167.74%.

In related news, Director Michael Jennings sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $32.51, for a total value of $130,040.00. Following the sale, the director now directly owns 22,978 shares in the company, valued at approximately $747,014.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

HEP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Goldman Sachs Group cut Holly Energy Partners from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research note on Monday, December 18th. Barclays reiterated an “equal weight” rating and set a $35.00 target price on shares of Holly Energy Partners in a research note on Friday, November 10th. Scotiabank set a $34.00 target price on Holly Energy Partners and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Credit Suisse Group initiated coverage on Holly Energy Partners in a research note on Thursday, January 4th. They set an “underperform” rating and a $28.00 target price on the stock. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. Holly Energy Partners has a consensus rating of “Hold” and a consensus price target of $33.11.

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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.

Earnings History for Holly Energy Partners (NYSE:HEP)

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