Holly Energy Partners - HEP Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HEP shares.
View HEP analyst ratings or view top-rated stocks.

2 analysts have issued twelve-month price objectives for Holly Energy Partners' shares. Their HEP share price forecasts range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $19.67 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for HEP or view top-rated stocks among Wall Street analysts.

Holly Energy Partners' stock was trading at $18.12 on January 1st, 2023. Since then, HEP stock has increased by 2.2% and is now trading at $18.52.
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Holly Energy Partners saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 1,130,000 shares, a drop of 11.7% from the December 15th total of 1,280,000 shares. Based on an average trading volume of 192,400 shares, the days-to-cover ratio is currently 5.9 days. Currently, 2.5% of the company's shares are short sold.
View Holly Energy Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our HEP earnings forecast.

Holly Energy Partners, L.P. (NYSE:HEP) posted its quarterly earnings data on Tuesday, November, 2nd. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.03. The pipeline company had revenue of $122.58 million for the quarter, compared to analysts' expectations of $125.37 million. Holly Energy Partners had a trailing twelve-month return on equity of 23.54% and a net margin of 37.05%. During the same quarter in the previous year, the business earned $0.45 EPS.

Holly Energy Partners announced a quarterly dividend on Friday, January 20th. Shareholders of record on Monday, January 30th will be paid a dividend of $0.35 per share on Monday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, January 27th.
Read our dividend analysis for HEP.

Holly Energy Partners (NYSE:HEP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 7.57%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HEP will have a dividend payout ratio of 67.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HEP.

3 employees have rated Holly Energy Partners Chief Executive Officer Matt Clifton on Glassdoor.com. Matt Clifton has an approval rating of 100% among the company's employees. This puts Matt Clifton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 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 institutional and retail investors. Top institutional investors include Arkfeld Wealth Strategies L.L.C. (0.34%), Miller Howard Investments Inc. NY (0.23%), Capital Investment Advisors LLC (0.03%), CFM Wealth Partners LLC (0.03%), GraniteShares Advisors LLC (0.03%) and Pacer Advisors Inc. (0.01%). Insiders that own company stock include James H Lee, Kenneth Norwood and Michael Jennings.
View institutional ownership trends.

Shares of HEP stock 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 (NYSE:HEP) has a market capitalization of $2.34 billion and generates $494.49 million in revenue each year. The pipeline company earns $214.95 million in net income (profit) each year or $1.66 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Holly Energy Partners' mailing address is 2828 NORTH HARWOOD SUITE 1300, DALLAS TX, 75201. The official website for the company is www.hollyenergy.com. The pipeline company can be reached via phone at (214) 871-3555, via email at investors@hollyenergy.com, or via fax at 214-871-3560.