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How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
NYSE:HEP

Holly Energy Partners (HEP) Stock Forecast, Price & News

$21.96
-0.57 (-2.53%)
(As of 09/29/2023 ET)
Compare
Today's Range
$21.89
$22.53
50-Day Range
$19.21
$23.35
52-Week Range
$15.51
$23.62
Volume
578,559 shs
Average Volume
520,168 shs
Market Capitalization
$2.78 billion
P/E Ratio
12.77
Dividend Yield
6.38%
Price Target
$20.33

Holly Energy Partners MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.4% Downside
$20.33 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
16.93%
From $1.89 to $2.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Oils/Energy Sector

157th out of 249 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks


HEP stock logo

About Holly Energy Partners (NYSE:HEP) Stock

Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals; and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as 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. Holly Energy Partners, L.P. was incorporated in 2004 and is based in Dallas, Texas.

HEP Price History

HEP Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Holly Energy Partners (NYSE: HEP)
What 4 Analyst Ratings Have To Say About Holly Energy Partners
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HF Sinclair Strikes Deal to Buy Rest of Holly Energy
HF Sinclair To Acquire Holly Energy Partners In Cash And Stock
J.P. Morgan Keeps Their Sell Rating on Holly Energy Partners (HEP)
See More Headlines
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HEP Company Calendar

Ex-Dividend for 8/11 Dividend
7/28/2023
Last Earnings
8/03/2023
Dividend Payable
8/11/2023
Today
9/30/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
2,020
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$20.33
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
-7.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$216.78 million
Pretax Margin
39.96%

Debt

Sales & Book Value

Annual Sales
$547.48 million
Cash Flow
$2.50 per share
Book Value
$7.33 per share

Miscellaneous

Free Float
125,428,000
Market Cap
$2.78 billion
Optionable
Optionable
Beta
0.90

Social Links

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Key Executives

  • Mr. Michael C. JenningsMr. Michael C. Jennings (Age 57)
    Chairman, Pres & CEO of Holly Logistic Services LLC
    Comp: $3.45M
  • Mr. John Wayne Harrison Jr. (Age 44)
    Sr. VP, CFO & Treasurer of Holly Logistic Services LLC
    Comp: $314.74k
  • Ms. Vaishali S. Bhatia (Age 40)
    Exec. VP, Gen. Counsel & Sec. of Holly Logistic Services LLC
    Comp: $801.28k
  • Mr. Robert I. Jamieson (Age 58)
    Sr. VP & COO of Holly Logistic Services LLC
  • Mr. Craig Biery
    VP of Investor Relations
  • Mr. Kenneth P. Norwood (Age 57)
    VP & Controller of Holly Logistic Services LLC
  • Trey Schonter
    Exec. of Investor Relations
  • Jared Harding
    Investor Relations Officer













HEP Stock - Frequently Asked Questions

Should I buy or sell Holly Energy Partners stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. 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.

What is Holly Energy Partners' stock price forecast for 2023?

2 brokerages have issued twelve-month target prices for Holly Energy Partners' stock. Their HEP share price forecasts range from $18.00 to $22.00. On average, they expect the company's share price to reach $20.33 in the next year. This suggests that the stock has a possible downside of 7.4%.
View analysts price targets for HEP
or view top-rated stocks among Wall Street analysts.

How have HEP shares performed in 2023?

Holly Energy Partners' stock was trading at $18.12 at the beginning of 2023. Since then, HEP shares have increased by 21.2% and is now trading at $21.97.
View the best growth stocks for 2023 here
.

Are investors shorting Holly Energy Partners?

Holly Energy Partners saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 902,300 shares, a decrease of 27.8% from the August 15th total of 1,250,000 shares. Based on an average daily trading volume, of 404,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.1% of the shares of the company are sold short.
View Holly Energy Partners' Short Interest
.

When is Holly Energy Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our HEP earnings forecast
.

How were Holly Energy Partners' earnings last quarter?

Holly Energy Partners, L.P. (NYSE:HEP) released its earnings results on Thursday, August, 3rd. The pipeline company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.07. The pipeline company earned $139.80 million during the quarter, compared to the consensus estimate of $145.96 million. Holly Energy Partners had a net margin of 37.97% and a trailing twelve-month return on equity of 23.48%. Holly Energy Partners's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS.

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

Holly Energy Partners announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.35 per share on Friday, August 11th. This represents a $1.40 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for HEP
.

Is Holly Energy Partners a good dividend stock?

Holly Energy Partners (NYSE:HEP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 6.31%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.40%. 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 63.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HEP.

What is Matt Clifton's approval rating as Holly Energy Partners' CEO?

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.

What other stocks do shareholders of Holly Energy Partners own?

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).

What is Holly Energy Partners' stock symbol?

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

How do I buy shares of Holly Energy Partners?

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.
Compare Top Brokerages Here.

What is Holly Energy Partners' stock price today?

One share of HEP stock can currently be purchased for approximately $21.97.

How much money does Holly Energy Partners make?

Holly Energy Partners (NYSE:HEP) has a market capitalization of $2.78 billion and generates $547.48 million in revenue each year. The pipeline company earns $216.78 million in net income (profit) each year or $1.72 on an earnings per share basis.

How many employees does Holly Energy Partners have?

The company employs 2,020 workers across the globe.

How can I contact Holly Energy Partners?

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.

This page (NYSE:HEP) was last updated on 9/30/2023 by MarketBeat.com Staff

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