Holly Energy Partners Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Holly Energy Partners stock.
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Holly Energy Partners saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 744,200 shares, an increase of 62.6% from the January 28th total of 457,800 shares. Based on an average daily trading volume, of 403,400 shares, the short-interest ratio is presently 1.8 days. Approximately 1.7% of the company's stock are sold short.
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Holly Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Holly Energy Partners.

Holly Energy Partners, L.P. (NYSE:HEP) posted its quarterly earnings data on Monday, February, 22nd. The pipeline company reported $0.49 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.06. The pipeline company earned $127.46 million during the quarter, compared to analysts' expectations of $124.97 million. Holly Energy Partners had a net margin of 32.83% and a trailing twelve-month return on equity of 40.34%. Holly Energy Partners's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS.
View Holly Energy Partners' earnings history.

Holly Energy Partners' stock was trading at $14.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HEP stock has increased by 28.8% and is now trading at $18.52.
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Holly Energy Partners announced a quarterly dividend on Saturday, January 23rd. Investors of record on Tuesday, February 2nd will be paid a dividend of $0.35 per share on Friday, February 12th. This represents a $1.40 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Monday, February 1st.
View Holly Energy Partners' dividend history.

Holly Energy Partners pays an annual dividend of $1.40 per share and currently has a dividend yield of 7.78%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Holly Energy Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Holly Energy Partners is 74.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Holly Energy Partners will have a dividend payout ratio of 72.54% next year. This indicates that Holly Energy Partners will be able to sustain or increase its dividend.
View Holly Energy Partners' dividend history.

8 Wall Street analysts have issued 12 month price targets for Holly Energy Partners' stock. Their forecasts range from $14.00 to $22.00. On average, they anticipate Holly Energy Partners' stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
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3 employees have rated Holly Energy Partners CEO Matt Clifton on Glassdoor.com. Matt Clifton has an approval rating of 100% among Holly Energy Partners' employees. This puts Matt Clifton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Holly Energy Partners include Plains All American Pipeline (PAA), Phillips 66 Partners (PSXP), Shell Midstream Partners (SHLX), NuStar Energy (NS), Plains GP (PAGP), Noble Midstream Partners (NBLX), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Holly Energy Partners investors own include Buckeye Partners (BPL), Energy Transfer (ET), AT&T (T), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Pfizer (PFE), Johnson & Johnson (JNJ), Magellan Midstream Partners (MMP), Verizon Communications (VZ) and The Coca-Cola (KO).

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

Holly Energy Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (1.54%), Clearbridge Investments LLC (1.07%), Morgan Stanley (1.06%), Wells Fargo & Company MN (0.53%), Infrastructure Capital Advisors LLC (0.34%) and Arkfeld Wealth Strategies L.L.C. (0.33%). Company insiders that own Holly Energy Partners stock include Eric L Mattson and Kenneth Norwood.
View institutional ownership trends for Holly Energy Partners.

HEP stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Morgan Stanley, Bollard Group LLC, Miller Howard Investments Inc. NY, Clearbridge Investments LLC, Guggenheim Capital LLC, HighTower Advisors LLC, and Barclays PLC.
View insider buying and selling activity for Holly Energy Partners or view top insider-selling stocks.

HEP stock was bought by a variety of institutional investors in the last quarter, including Infrastructure Capital Advisors LLC, JPMorgan Chase & Co., Annandale Capital LLC, Arkfeld Wealth Strategies L.L.C., Chickasaw Capital Management LLC, Citigroup Inc., CWM Advisors LLC, and Cambridge Investment Research Advisors Inc..
View insider buying and selling activity for Holly Energy Partners or or view top insider-buying stocks.

Shares of HEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HEP stock can currently be purchased for approximately $18.52.

Holly Energy Partners has a market capitalization of $1.95 billion and generates $532.78 million in revenue each year. The pipeline company earns $224.88 million in net income (profit) each year or $1.87 on an earnings per share basis.

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

Holly Energy Partners is headquartered at 2828 NORTH HARWOOD SUITE 1300, DALLAS TX, 75201.

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]