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 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 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.

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.
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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.

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

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.

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.

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).

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.

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."

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 $21.97.

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.

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.