NYSE:HEP - Holly Energy Partners Stock Price, News, & Analysis

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$27.21 -0.54 (-1.95 %)
(As of 03/26/2019 06:00 AM ET)
Previous Close$27.75
Today's Range$27.19 - $27.8150
52-Week Range$26.08 - $34.00
Volume187,461 shs
Average Volume230,450 shs
Market Capitalization$2.87 billion
P/E Ratio16.32
Dividend Yield9.62%
Beta0.8
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. It operates through Pipelines and Terminals, and Refinery Processing Units segments. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-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. It operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. HEP Logistics Holdings, L.P. serves as the general partner of the company. Holly Energy Partners, L.P. was founded in 2004 and is based in Dallas, Texas.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone214-871-3555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$506.22 million
Cash Flow$2.6063 per share
Book Value$4.89 per share

Profitability

Net Income$178.85 million

Miscellaneous

EmployeesN/A
Market Cap$2.87 billion
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable

Holly Energy Partners (NYSE:HEP) Frequently Asked Questions

What is Holly Energy Partners' stock symbol?

Holly Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "HEP."

How often does Holly Energy Partners pay dividends? What is the dividend yield for Holly Energy Partners?

Holly Energy Partners declared a quarterly dividend on Thursday, January 24th. Shareholders of record on Monday, February 4th will be given a dividend of $0.6675 per share on Thursday, February 14th. This represents a $2.67 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date is Friday, February 1st. This is a boost from Holly Energy Partners's previous quarterly dividend of $0.67. View Holly Energy Partners' Dividend History.

How were Holly Energy Partners' earnings last quarter?

Holly Energy Partners, L.P. (NYSE:HEP) posted its earnings results on Tuesday, February, 19th. The pipeline company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.01. The pipeline company had revenue of $132.80 million for 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%. Holly Energy Partners's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. View Holly Energy Partners' Earnings History.

When is Holly Energy Partners' next earnings date?

Holly Energy Partners is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Holly Energy Partners.

How can I listen to Holly Energy Partners' earnings call?

Holly Energy Partners will be holding an earnings conference call on Wednesday, May 1st at 4:00 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for HEP?

4 analysts have issued twelve-month price targets for Holly Energy Partners' stock. Their predictions range from $28.00 to $33.00. On average, they expect Holly Energy Partners' stock price to reach $31.00 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for Holly Energy Partners.

What is the consensus analysts' recommendation for Holly Energy Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Holly Energy Partners.

What are Wall Street analysts saying about Holly Energy Partners stock?

Here are some recent quotes from research analysts about Holly Energy Partners stock:
  • 1. According to Zacks Investment Research, "Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. " (3/20/2019)
  • 2. Barclays PLC analysts commented, "We continue to view HEP as a relatively stable MLP with 100% fee-based cash flows and over 80% of revenues tied to long-term contracts backed by MVCs. However, apart from small organic projects, the partnership faces limited growth visibility and ~1.0x coverage in the near-term despite recent distribution growth deceleration to +2% in 2019 (vs. +4% in 2018). HEP also has high customer concentration in parent HFC who owns 57% of the partnership, as well as a near-term contract renewal in 2019 for 13% of its total commitments. We think HEP’s distribution is relatively safe, but see limited fundamental upside in the near-term and view the stock as fully valued. Maintain $28 PT.4Q details. Adj EBITDA was $89.9mm vs. our $88.1mm and $87.5mm consensus." (2/20/2019)

Has Holly Energy Partners been receiving favorable news coverage?

Media stories about HEP stock have been trending negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Holly Energy Partners earned a news impact score of -2.0 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Holly Energy Partners' key competitors?

What other stocks do shareholders of Holly Energy Partners own?

Who are Holly Energy Partners' key executives?

Holly Energy Partners' management team includes the folowing people:
  • Mr. Richard Lawrence Voliva III, CFA, Exec. VP & CFO of Holly Logistic Services LLC (Age 41)
  • Mr. Mark T. Cunningham, Sr. VP of Operations & Engineering - Holly Logistic Services, LLC (Age 59)
  • Ms. Denise Clark Mcwatters, Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services LLC (Age 59)
  • Mr. George J. Damiris, Pres, CEO & Director of Holly Logistic Services LLC (Age 59)
  • Mr. Craig Biery, Director of Investor Relations

Who are Holly Energy Partners' major shareholders?

Holly Energy Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.58%), Energy Income Partners LLC (4.93%), Alps Advisors Inc. (4.32%), Mirae Asset Global Investments Co. Ltd. (0.30%), Bollard Group LLC (0.24%) and Municipal Employees Retirement System of Michigan (0.21%). Company insiders that own Holly Energy Partners stock include James H Lee and Michael Jennings. View Institutional Ownership Trends for Holly Energy Partners.

Which institutional investors are selling Holly Energy Partners stock?

HEP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Energy Income Partners LLC, First Trust Advisors LP, Citigroup Inc., Avalon Advisors LLC, BP Capital Fund Advisors LLC, Groesbeck Investment Management Corp NJ and Virtu Financial LLC. View Insider Buying and Selling for Holly Energy Partners.

Which institutional investors are buying Holly Energy Partners stock?

HEP stock was purchased by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Mirae Asset Global Investments Co. Ltd., Municipal Employees Retirement System of Michigan, PFG Advisors, Bank of America Corp DE, Bank of Montreal Can, Hsbc Holdings PLC and Bollard Group LLC. View Insider Buying and Selling for Holly Energy Partners.

How do I buy shares of Holly Energy Partners?

Shares of HEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Holly Energy Partners' stock price today?

One share of HEP stock can currently be purchased for approximately $27.21.

How big of a company is Holly Energy Partners?

Holly Energy Partners has a market capitalization of $2.87 billion and generates $506.22 million in revenue each year. The pipeline company earns $178.85 million in net income (profit) each year or $1.70 on an earnings per share basis.

What is Holly Energy Partners' official website?

The official website for Holly Energy Partners is http://www.hollyenergy.com.

How can I contact Holly Energy Partners?

Holly Energy Partners' mailing address is 2828 NORTH HARWOOD SUITE 1300, DALLAS TX, 75201. The pipeline company can be reached via phone at 214-871-3555 or via email at [email protected]


MarketBeat Community Rating for Holly Energy Partners (NYSE HEP)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  528
MarketBeat's community ratings are surveys of what our community members think about Holly Energy Partners and other stocks. Vote "Outperform" if you believe HEP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HEP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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