Holly Energy Partners, L.P. (NYSE:HEP) Receives Consensus Rating of “Hold” from Brokerages

Holly Energy Partners, L.P. (NYSE:HEPGet Rating) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.40.

Several equities analysts have commented on the company. TheStreet downgraded Holly Energy Partners from a “b-” rating to a “c” rating in a report on Tuesday, March 15th. StockNews.com downgraded Holly Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, April 1st. Raymond James lowered their price target on Holly Energy Partners from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, February 23rd. Zacks Investment Research upgraded Holly Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, Barclays lowered their price target on Holly Energy Partners from $17.00 to $15.00 in a report on Thursday, February 24th.

NYSE:HEP opened at $17.41 on Thursday. The stock’s 50 day moving average price is $17.57 and its 200 day moving average price is $17.50. Holly Energy Partners has a 52 week low of $15.61 and a 52 week high of $23.69. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.31 and a beta of 0.87. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.11 and a current ratio of 1.11.

Holly Energy Partners (NYSE:HEPGet Rating) last released its quarterly earnings data on Monday, May 9th. The pipeline company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Holly Energy Partners had a return on equity of 29.60% and a net margin of 41.05%. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $117.25 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Holly Energy Partners will post 1.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Monday, May 2nd were given a $0.35 dividend. The ex-dividend date was Friday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 8.04%. Holly Energy Partners’s dividend payout ratio is 74.87%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Selective Wealth Management Inc. bought a new position in Holly Energy Partners in the first quarter worth $39,000. Van ECK Associates Corp bought a new position in Holly Energy Partners in the first quarter worth $80,000. Virtu Financial LLC bought a new position in Holly Energy Partners in the fourth quarter worth $169,000. Guggenheim Capital LLC lifted its position in Holly Energy Partners by 25.7% in the fourth quarter. Guggenheim Capital LLC now owns 13,858 shares of the pipeline company’s stock worth $229,000 after purchasing an additional 2,836 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Holly Energy Partners by 20.1% in the third quarter. BNP Paribas Arbitrage SA now owns 13,204 shares of the pipeline company’s stock worth $242,000 after purchasing an additional 2,212 shares during the period.

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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Analyst Recommendations for Holly Energy Partners (NYSE:HEP)

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