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

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$26.81 -0.07 (-0.26 %)
(As of 05/27/2019 10:08 AM ET)
Previous Close$26.88
Today's Range$26.7201 - $27.1392
52-Week Range$26.44 - $34.00
Volume137,139 shs
Average Volume132,024 shs
Market Capitalization$2.83 billion
P/E Ratio15.77
Dividend Yield10.00%
Beta0.78
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 Pipelines and Terminals, and Refinery Processing Units segments. 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.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone214-871-3555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$506.22 million
Cash Flow$2.6597 per share
Book Value$4.89 per share

Profitability

Net Income$178.85 million

Miscellaneous

EmployeesN/A
Market Cap$2.83 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Holly Energy Partners (NYSE:HEP) Frequently Asked Questions

What is Holly Energy Partners' stock symbol?

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

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, April 18th. Stockholders of record on Monday, April 29th will be given a dividend of $0.67 per share on Tuesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date is Friday, April 26th. This is a boost from Holly Energy Partners's previous quarterly dividend of $0.67. View Holly Energy Partners' Dividend History.

How were Holly Energy Partners' earnings last quarter?

Holly Energy Partners, L.P. (NYSE:HEP) posted its quarterly earnings results on Wednesday, May, 1st. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. The pipeline company had revenue of $134.50 million for the quarter, compared to analysts' expectations of $128.80 million. Holly Energy Partners had a return on equity of 34.88% and a net margin of 35.92%. Holly Energy Partners's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. View Holly Energy Partners' Earnings History.

When is Holly Energy Partners' next earnings date?

Holly Energy Partners is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Holly Energy Partners.

What price target have analysts set for HEP?

4 brokers have issued 1 year price objectives for Holly Energy Partners' stock. Their forecasts range from $28.00 to $33.00. On average, they anticipate Holly Energy Partners' stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for Holly Energy Partners.

What is the consensus analysts' recommendation for Holly Energy Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Holly Energy Partners.

What are Wall Street analysts saying about Holly Energy Partners stock?

Here are some recent quotes from research analysts about Holly Energy Partners stock:
  • 1. According to Zacks Investment Research, "Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. " (5/14/2019)
  • 2. Barclays PLC analysts commented, "We continue to view HEP as a relatively stable MLP with 100% fee-based cash flows and over 80% of revenues tied to long-term contracts backed by MVCs. However, apart from small organic projects, the partnership faces limited growth visibility and ~1.0x coverage in the near-term despite recent distribution growth deceleration to +2% in 2019 (vs. +4% in 2018). HEP also has high customer concentration in parent HFC who owns 57% of the partnership, as well as a near-term contract renewal in 2019 for 13% of its total commitments. We think HEP’s distribution is relatively safe, but see limited fundamental upside in the near-term and view the stock as fully valued. Maintain $28 PT.4Q details. Adj EBITDA was $89.9mm vs. our $88.1mm and $87.5mm consensus." (2/20/2019)

Has Holly Energy Partners been receiving favorable news coverage?

News coverage about HEP stock has been trending positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Holly Energy Partners earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave news coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Holly Energy Partners' key competitors?

What other stocks do shareholders of Holly Energy Partners own?

Who are Holly Energy Partners' key executives?

Holly Energy Partners' management team includes the folowing people:
  • Mr. Richard Lawrence Voliva III, CFA, Exec. VP & CFO of Holly Logistic Services LLC (Age 41)
  • Mr. Mark T. Cunningham, Sr. VP of Operations & Engineering - Holly Logistic Services, LLC (Age 59)
  • Ms. Denise Clark Mcwatters, Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services LLC (Age 59)
  • Mr. George J. Damiris, Pres, CEO & Director of Holly Logistic Services LLC (Age 59)
  • Mr. Craig Biery, Director of Investor Relations

Who are Holly Energy Partners' major shareholders?

Holly Energy Partners' stock is owned by a number of of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (5.79%), Tortoise Capital Advisors L.L.C. (5.56%), Alps Advisors Inc. (4.12%), Clearbridge Investments LLC (1.58%), Goldman Sachs Group Inc. (1.46%) and JPMorgan Chase & Co. (0.95%). Company insiders that own Holly Energy Partners stock include James H Lee and Michael Jennings. 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 Tortoise Capital Advisors L.L.C., Alps Advisors Inc., JPMorgan Chase & Co., OppenheimerFunds Inc., First Trust Advisors LP, Clearbridge Investments LLC, Bank of Montreal Can and Citigroup Inc.. View Insider Buying and Selling for Holly Energy Partners.

Which major investors are buying Holly Energy Partners stock?

HEP stock was purchased by a variety of institutional investors in the last quarter, including State of Wisconsin Investment Board, Goldman Sachs Group Inc., Jane Street Group LLC, Renaissance Technologies LLC, Bollard Group LLC, Truvestments Capital LLC, Cadence Capital Management LLC and Raymond James & Associates. View Insider Buying and Selling for Holly Energy Partners.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Holly Energy Partners' stock price today?

One share of HEP stock can currently be purchased for approximately $26.81.

How big of a company is Holly Energy Partners?

Holly Energy Partners has a market capitalization of $2.83 billion and generates $506.22 million in revenue each year. The pipeline company earns $178.85 million in net income (profit) each year or $1.70 on an earnings per share basis.

What is Holly Energy Partners' official website?

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

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]


MarketBeat Community Rating for Holly Energy Partners (NYSE HEP)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  204 (Vote Outperform)
Underperform Votes:  348 (Vote Underperform)
Total Votes:  552
MarketBeat's community ratings are surveys of what our community members think about Holly Energy Partners and other stocks. Vote "Outperform" if you believe HEP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HEP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/27/2019 by MarketBeat.com Staff

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