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NYSE:HEP

Holly Energy Partners - HEP Stock Forecast, Price & News

$18.52
+0.03 (+0.16%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$18.16
$18.58
50-Day Range
$17.39
$19.72
52-Week Range
$15.12
$20.00
Volume
158,288 shs
Average Volume
121,854 shs
Market Capitalization
$2.34 billion
P/E Ratio
11.16
Dividend Yield
7.57%
Price Target
$19.67

Holly Energy Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.2% Upside
$19.67 Price Target
Short Interest
Bearish
2.52% 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
20.23%
From $1.73 to $2.08 Per Share

Overall MarketRank

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

1.67 out of 5 stars

Oils/Energy Sector

203rd out of 237 stocks

Pipelines, Except Natural Gas Industry

11th out of 11 stocks

HEP stock logo

About Holly Energy Partners (NYSE:HEP) Stock

Holly Energy Partners LP engages in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units. It operates through Pipelines & Terminals and Refinery Processing Unit segments. The company was founded in 2004 and is headquartered in Dallas, TX.

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HEP Stock News Headlines

Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases (HEP)
The energy sector is bouncing back after a red-hot 2022, with stocks including ConocoPhillips, EOG, HF Sinclair, and Phillips 66 boasting strong price action.
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Meet the 'Masters' of High Yields: MLPs
See More Headlines
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HEP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 11/11 Dividend
10/28/2022
Dividend Payable
11/11/2022
Ex-Dividend for 2/13 Dividend
1/27/2023
Today
2/06/2023
Dividend Payable
2/13/2023
Next Earnings (Confirmed)
2/24/2023
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
$19.67
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+6.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$214.95 million
Pretax Margin
39.78%

Debt

Sales & Book Value

Annual Sales
$494.49 million

Miscellaneous

Free Float
125,428,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Michael C. JenningsMichael C. Jennings
    Chairman & Chief Executive Officer
  • Richard Lawrence Voliva
    President
  • Mark T. Cunningham
    Senior Vice President-Operations & Engineering
  • John Harrison
    Chief Financial Officer, Treasurer & Senior VP
  • Vaishali S. Bhatia
    Secretary, Senior VP & General Counsel













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 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.

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

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.

How have HEP shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Holly Energy Partners?

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
.

When is Holly Energy Partners' next earnings date?

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

How were Holly Energy Partners' earnings last quarter?

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.

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 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
.

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 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.

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."

Who are Holly Energy Partners' major shareholders?

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
.

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 $18.52.

How much money does Holly Energy Partners make?

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.

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 2/6/2023 by MarketBeat.com Staff