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

$20.45
0.00 (0.00%)
(As of 12/1/2023)
Compare
Today's Range
$20.45
$20.45
50-Day Range
$20.35
$22.55
52-Week Range
$15.51
$23.62
Volume
N/A
Average Volume
384,703 shs
Market Capitalization
$2.59 billion
P/E Ratio
10.82
Dividend Yield
6.85%
Price Target
$20.33

Holly Energy Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.6% Downside
$20.33 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Holly Energy Partners in the last 14 days
Based on 3 Articles This Week
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.

2.01 out of 5 stars

Oils/Energy Sector

141st out of 209 stocks

Pipelines, Except Natural Gas Industry

5th out of 8 stocks


HEP stock logo

About Holly Energy Partners Stock (NYSE:HEP)

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 Stock Price History

HEP Stock News Headlines

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Holly Energy Partners's Earnings: A Preview
Holly Energy Partners LP's Dividend Analysis
Holly Energy Partners (NYSE: HEP)
What 4 Analyst Ratings Have To Say About Holly Energy Partners
See More Headlines
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Company Calendar

Ex-Dividend for 11/10 Dividend
10/27/2023
Last Earnings
11/02/2023
Dividend Payable
11/10/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/23/2024

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 Target
$20.33
High Stock Price Target
$22.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$216.78 million
Pretax Margin
42.74%

Debt

Sales & Book Value

Annual Sales
$547.48 million
Cash Flow
$2.53 per share
Book Value
$7.63 per share

Miscellaneous

Free Float
125,428,000
Market Cap
$2.59 billion
Optionable
Optionable
Beta
0.83

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Key Executives

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














HEP Stock Analysis - 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 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.

What is Holly Energy Partners' stock price target for 2024?

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.

How have HEP shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Holly Energy Partners?

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
.

When is Holly Energy Partners' next earnings date?

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

How were Holly Energy Partners' earnings last quarter?

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%.

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, 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
.

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 6.85%. 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.

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).

Who are Holly Energy Partners' major shareholders?

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
.

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.

This page (NYSE:HEP) was last updated on 12/6/2023 by MarketBeat.com Staff

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