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NYSE:HEP

Holly Energy Partners Stock Forecast, Price & News

$17.84
+0.61 (+3.54 %)
(As of 03/1/2021 10:29 AM ET)
Add
Compare
Today's Range
$17.52
Now: $17.84
$18.02
50-Day Range
$14.12
MA: $15.12
$17.34
52-Week Range
$6.57
Now: $17.84
$22.52
Volume3,432 shs
Average Volume380,490 shs
Market Capitalization$1.88 billion
P/E Ratio11.36
Dividend Yield8.13%
Beta1.12
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington. It operates through two segments, Pipelines and Terminals, and Refinery Processing Units. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-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. It operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. HEP Logistics Holdings, L.P. serves as the general partner of the company. Holly Energy Partners, L.P. was founded in 2004 and is based in Dallas, Texas.
Holly Energy Partners logo

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone214-871-3555
EmployeesN/A
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$532.78 million
Cash Flow$3.34 per share
Book Value$4.63 per share

Profitability

Net Income$224.88 million

Miscellaneous

Market Cap$1.88 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.70 out of 5 stars

Oils/Energy Sector

85th out of 668 stocks

Pipelines, Except Natural Gas Industry

8th out of 19 stocks

Analyst Opinion: 1.4Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
$17.84
+0.61 (+3.54 %)
(As of 03/1/2021 10:29 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Holly Energy Partners (NYSE:HEP) Frequently Asked Questions

Is Holly Energy Partners a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Holly Energy Partners stock.
View analyst ratings for Holly Energy Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Holly Energy Partners?

Wall Street analysts have given Holly Energy Partners a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Holly Energy Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Holly Energy Partners?

Holly Energy Partners saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 744,200 shares, an increase of 62.6% from the January 28th total of 457,800 shares. Based on an average daily trading volume, of 403,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.7% of the company's stock are sold short.
View Holly Energy Partners' Short Interest
.

When is Holly Energy Partners' next earnings date?

Holly Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Holly Energy Partners
.

How were Holly Energy Partners' earnings last quarter?

Holly Energy Partners, L.P. (NYSE:HEP) issued its quarterly earnings results on Monday, February, 22nd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.06. The pipeline company earned $127.46 million during the quarter, compared to analysts' expectations of $124.97 million. Holly Energy Partners had a net margin of 32.83% and a trailing twelve-month return on equity of 40.34%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS.
View Holly Energy Partners' earnings history
.

How has Holly Energy Partners' stock been impacted by Coronavirus (COVID-19)?

Holly Energy Partners' stock was trading at $14.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HEP stock has increased by 23.9% and is now trading at $17.82.
View which stocks have been most impacted by COVID-19
.

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 Saturday, January 23rd. Stockholders of record on Tuesday, February 2nd will be given a dividend of $0.35 per share on Friday, February 12th. This represents a $1.40 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend is Monday, February 1st.
View Holly Energy Partners' dividend history
.

Is Holly Energy Partners a good dividend stock?

Holly Energy Partners pays an annual dividend of $1.40 per share and currently has a dividend yield of 8.13%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Holly Energy Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Holly Energy Partners is 74.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Holly Energy Partners will have a dividend payout ratio of 72.54% next year. This indicates that Holly Energy Partners will be able to sustain or increase its dividend.
View Holly Energy Partners' dividend history.

What price target have analysts set for HEP?

8 equities research analysts have issued 12 month target prices for Holly Energy Partners' stock. Their forecasts range from $14.00 to $22.00. On average, they expect Holly Energy Partners' stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts' price targets for Holly Energy Partners
or view top-rated stocks among Wall Street analysts.

Who are Holly Energy Partners' key executives?

Holly Energy Partners' management team includes the following people:
  • Mr. Michael C. Jennings, Chairman & CEO of Holly Logistic Services LLC (Age 55, Pay $175k)
  • Mr. Richard Lawrence Voliva III, C.F.A., CFA, Pres of Holly Logistic Services LLC (Age 43, Pay $620.99k)
  • Mr. Mark T. Cunningham, Sr. VP of Operations & Engineering - Holly Logistic Services, LLC (Age 61, Pay $565.95k)
  • Ms. Vaishali S. Bhatia, Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services, L.L.C. (Age 38, Pay $229.99k)
  • Mr. John Wayne Harrison Jr., Sr. VP, CFO & Treasurer of Holly Logistic Services LLC (Age 42)
  • Mr. Craig Biery, VP of Investor Relations
  • Mr. Kenneth P. Norwood, VP and Controller of Holly Logistic Services LLC (Age 55)
  • Trey Schonter, Exec. of Investor Relations
  • Jared Harding, Investor Relations Officer

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

3 employees have rated Holly Energy Partners CEO Matt Clifton on Glassdoor.com. Matt Clifton has an approval rating of 100% among Holly Energy Partners' employees. This puts Matt Clifton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Holly Energy Partners' key competitors?

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 The 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 a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (1.54%), Clearbridge Investments LLC (1.07%), Morgan Stanley (1.06%), Wells Fargo & Company MN (0.53%), Infrastructure Capital Advisors LLC (0.34%) and Arkfeld Wealth Strategies L.L.C. (0.33%). Company insiders that own Holly Energy Partners stock include Eric L Mattson and Kenneth Norwood.
View institutional ownership trends for Holly Energy Partners
.

Which major investors are selling Holly Energy Partners stock?

HEP stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Morgan Stanley, Bollard Group LLC, Miller Howard Investments Inc. NY, Clearbridge Investments LLC, Guggenheim Capital LLC, HighTower Advisors LLC, and Barclays PLC.
View insider buying and selling activity for Holly Energy Partners
or view top insider-selling stocks.

Which major investors are buying Holly Energy Partners stock?

HEP stock was purchased by a variety of institutional investors in the last quarter, including Infrastructure Capital Advisors LLC, JPMorgan Chase & Co., Annandale Capital LLC, Arkfeld Wealth Strategies L.L.C., Chickasaw Capital Management LLC, Citigroup Inc., CWM Advisors LLC, and Cambridge Investment Research Advisors Inc..
View insider buying and selling activity for Holly Energy Partners
or or view top insider-buying stocks.

How do I buy shares of Holly Energy Partners?

Shares of HEP 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 $17.82.

How much money does Holly Energy Partners make?

Holly Energy Partners has a market capitalization of $1.88 billion and generates $532.78 million in revenue each year. The pipeline company earns $224.88 million in net income (profit) each year or $1.87 on an earnings per share basis.

What is Holly Energy Partners' official website?

The official website for Holly Energy Partners is www.hollyenergy.com.

Where are Holly Energy Partners' headquarters?

Holly Energy Partners is headquartered at 2828 NORTH HARWOOD SUITE 1300, DALLAS TX, 75201.

How can I contact Holly Energy Partners?

Holly Energy Partners' mailing address is 2828 NORTH HARWOOD SUITE 1300, DALLAS TX, 75201. The pipeline company can be reached via phone at 214-871-3555 or via email at [email protected]


This page was last updated on 3/1/2021 by MarketBeat.com Staff

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