Equities analysts expect Holly Energy Partners, L.P. (NYSE:HEP – Get Rating) to report earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Holly Energy Partners’ earnings, with estimates ranging from $0.35 to $0.47. Holly Energy Partners posted earnings of $0.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.6%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Holly Energy Partners will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.80 to $2.04. For the next year, analysts anticipate that the firm will post earnings of $2.12 per share, with EPS estimates ranging from $1.88 to $2.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Holly Energy Partners.
Holly Energy Partners (NYSE:HEP – Get Rating) last posted its earnings results on Tuesday, February 22nd. The pipeline company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). Holly Energy Partners had a return on equity of 34.42% and a net margin of 43.47%. The company had revenue of $118.50 million during the quarter, compared to analysts’ expectations of $119.37 million. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of HEP. Alps Advisors Inc. boosted its stake in Holly Energy Partners by 3.5% during the 4th quarter. Alps Advisors Inc. now owns 5,947,463 shares of the pipeline company’s stock valued at $98,074,000 after purchasing an additional 202,307 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Holly Energy Partners by 14.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,962,334 shares of the pipeline company’s stock valued at $65,339,000 after buying an additional 504,763 shares during the last quarter. Morgan Stanley increased its holdings in Holly Energy Partners by 32.0% in the 3rd quarter. Morgan Stanley now owns 679,086 shares of the pipeline company’s stock worth $12,448,000 after buying an additional 164,527 shares in the last quarter. Brookfield Asset Management Inc. raised its position in Holly Energy Partners by 7.1% in the 3rd quarter. Brookfield Asset Management Inc. now owns 590,540 shares of the pipeline company’s stock worth $10,825,000 after buying an additional 39,200 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Holly Energy Partners by 11.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 500,000 shares of the pipeline company’s stock valued at $8,245,000 after acquiring an additional 53,202 shares during the period.
Shares of HEP opened at $17.13 on Monday. The company has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $17.66. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $2.17 billion, a PE ratio of 8.44 and a beta of 0.93. Holly Energy Partners has a one year low of $15.61 and a one year high of $23.69.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Monday, May 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 8.17%. The ex-dividend date is Friday, April 29th. Holly Energy Partners’s dividend payout ratio (DPR) is 68.97%.
Holly Energy Partners Company Profile (Get Rating)
Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals, and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil.
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