Holly Energy Partners, L.P. (HEP) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Holly Energy Partners, L.P. (NYSE:HEP) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $31.50.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Barclays reiterated a “sell” rating on shares of Holly Energy Partners in a research note on Wednesday, February 20th.

A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in Holly Energy Partners by 16.3% during the fourth quarter. Private Advisor Group LLC now owns 8,816 shares of the pipeline company’s stock worth $252,000 after acquiring an additional 1,235 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Holly Energy Partners by 5.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,410 shares of the pipeline company’s stock worth $725,000 after acquiring an additional 1,294 shares in the last quarter. Lindbrook Capital LLC acquired a new position in Holly Energy Partners during the fourth quarter worth $39,000. Arlington Partners LLC acquired a new position in Holly Energy Partners during the fourth quarter worth $43,000. Finally, Northern Oak Wealth Management Inc. raised its stake in Holly Energy Partners by 80.6% during the third quarter. Northern Oak Wealth Management Inc. now owns 5,600 shares of the pipeline company’s stock worth $176,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Shares of NYSE HEP opened at $27.21 on Tuesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $2.93 billion, a P/E ratio of 16.01 and a beta of 0.80. Holly Energy Partners has a one year low of $26.08 and a one year high of $34.00.

Holly Energy Partners (NYSE:HEP) last issued its earnings results on Tuesday, February 19th. The pipeline company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $132.80 million during the quarter, compared to analyst estimates of $129.81 million. Holly Energy Partners had a net margin of 35.33% and a return on equity of 32.61%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. Equities analysts anticipate that Holly Energy Partners will post 1.79 EPS for the current year.

Holly Energy Partners Company Profile

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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