Tortoise Capital Advisors L.L.C. Acquires 400,200 Shares of Holly Energy Partners, L.P. (NYSE:HEP)

Tortoise Capital Advisors L.L.C. grew its holdings in Holly Energy Partners, L.P. (NYSE:HEP) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,665,703 shares of the pipeline company’s stock after acquiring an additional 400,200 shares during the quarter. Holly Energy Partners accounts for 0.9% of Tortoise Capital Advisors L.L.C.’s portfolio, making the stock its 26th largest holding. Tortoise Capital Advisors L.L.C. owned approximately 6.32% of Holly Energy Partners worth $147,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HEP. Tiedemann Advisors LLC raised its stake in shares of Holly Energy Partners by 9.2% in the fourth quarter. Tiedemann Advisors LLC now owns 585,153 shares of the pipeline company’s stock valued at $12,961,000 after purchasing an additional 49,177 shares in the last quarter. Jane Street Group LLC raised its stake in Holly Energy Partners by 4.8% during the fourth quarter. Jane Street Group LLC now owns 86,605 shares of the pipeline company’s stock worth $1,918,000 after acquiring an additional 3,959 shares in the last quarter. Marshall Wace LLP raised its stake in Holly Energy Partners by 86.1% during the fourth quarter. Marshall Wace LLP now owns 366,337 shares of the pipeline company’s stock worth $8,114,000 after acquiring an additional 169,482 shares in the last quarter. UBS Group AG raised its stake in Holly Energy Partners by 3.2% during the fourth quarter. UBS Group AG now owns 1,373,093 shares of the pipeline company’s stock worth $30,414,000 after acquiring an additional 42,701 shares in the last quarter. Finally, Brookfield Public Securities Group LLC raised its stake in Holly Energy Partners by 18.4% during the fourth quarter. Brookfield Public Securities Group LLC now owns 1,346,524 shares of the pipeline company’s stock worth $29,826,000 after acquiring an additional 209,049 shares in the last quarter. 31.85% of the stock is owned by institutional investors.

Several research analysts have issued reports on HEP shares. Wells Fargo & Co upgraded Holly Energy Partners from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 7th. UBS Group dropped their price objective on Holly Energy Partners from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Investment Research lowered Holly Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Jefferies Financial Group upgraded Holly Energy Partners from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $23.00 to $17.00 in a research note on Thursday. Finally, ValuEngine lowered Holly Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Holly Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $22.98.

In other news, VP Kenneth Norwood purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $7.22 per share, for a total transaction of $25,270.00. Following the completion of the acquisition, the vice president now directly owns 43,492 shares in the company, valued at $314,012.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Shares of HEP stock traded up $0.12 during trading hours on Thursday, hitting $11.25. 1,107,777 shares of the company’s stock were exchanged, compared to its average volume of 799,759. The stock’s 50-day moving average is $18.92 and its 200-day moving average is $22.30. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 5.28 and a beta of 0.80. Holly Energy Partners, L.P. has a 52 week low of $6.57 and a 52 week high of $30.61.

Holly Energy Partners (NYSE:HEP) last announced its earnings results on Wednesday, February 19th. The pipeline company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). The business had revenue of $131.63 million for the quarter, compared to the consensus estimate of $133.44 million. Holly Energy Partners had a return on equity of 40.42% and a net margin of 42.21%. Holly Energy Partners’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Equities research analysts forecast that Holly Energy Partners, L.P. will post 1.75 earnings per share for the current fiscal year.

About Holly Energy Partners

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.

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Institutional Ownership by Quarter for Holly Energy Partners (NYSE:HEP)

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