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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HEP, but not buy additional shares or sell existing shares.
View HEP analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1 year price targets for Holly Energy Partners' shares. Their HEP share price targets range from $18.00 to $22.00. On average, they expect the company's stock price to reach $20.33 in the next year. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for HEP or view top-rated stocks among Wall Street analysts.

Holly Energy Partners' stock was trading at $18.12 at the beginning of the year. Since then, HEP stock has increased by 12.9% and is now trading at $20.45.
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Holly Energy Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,650,000 shares, an increase of 5.8% from the October 31st total of 1,560,000 shares. Based on an average trading volume of 455,800 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.7% of the company's shares are sold short.
View Holly Energy Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our HEP earnings forecast.

Holly Energy Partners, L.P. (NYSE:HEP) announced its quarterly earnings data on Thursday, November, 2nd. The pipeline company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.52 by $0.02. The pipeline company had revenue of $158.36 million for the quarter, compared to the consensus estimate of $160.66 million. Holly Energy Partners had a net margin of 40.97% and a trailing twelve-month return on equity of 25.34%.

Holly Energy Partners declared a quarterly dividend on Thursday, October 19th. Shareholders of record on Monday, October 30th will be paid a dividend of $0.35 per share on Friday, November 10th. This represents a $1.40 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Friday, October 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 6.85%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HEP will have a dividend payout ratio of 63.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HEP.

ETFs with the largest weight of Holly Energy Partners (NYSE:HEP) stock in their portfolio include Global X MLP ETF (MLPA), Global SuperDividend US ETF (DIV), Alerian MLP ETF (AMLP), InfraCap MLP ETF (AMZA), First Trust North American Energy Infrastructure Fund (EMLP), Arrow Dow Jones Global Yield ETF (GYLD), Multi-Asset Diversified Income Index Fund (MDIV) and Pacer American Energy Independence ETF (USAI).

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' stock is owned by many different retail and institutional investors. Top institutional investors include Alps Advisors Inc. (6.23%), JPMorgan Chase & Co. (2.37%), Blackstone Inc. (2.30%), Mirae Asset Global Investments Co. Ltd. (2.29%), UBS Group AG (1.15%) and Clearbridge Investments LLC (1.08%). Insiders that own company stock include James H Lee 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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