NYSE:HEP

Holly Energy Partners Stock Forecast, Price & News

Top-Rated Dividend Stocks

$13.78

+0.24 (+1.77 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$13.68

Now: $13.78▼

$14.22

50-Day Range

$10.48

MA: $12.39▼

$14.56

52-Week Range

$6.57

Now: $13.78▼

$24.59

Volume277,797 shs

Average Volume505,717 shs

Market Capitalization$1.45 billion

P/E Ratio8.78

Dividend Yield10.34%

Beta1.05

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Holly Energy Partners has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.83, Holly Energy Partners has a forecasted upside of 29.4% from its current price of $13.78.
Amount of Analyst Coverage
Holly Energy Partners has only been the subject of 3 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Holly Energy Partners has received 265 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Holly Energy Partners has received 413 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Holly Energy Partners has received 60.91% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Holly Energy Partners is a leading dividend payer. It pays a dividend yield of 10.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Holly Energy Partners has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Holly Energy Partners is 74.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Holly Energy Partners will have a dividend payout ratio of 70.00% next year. This indicates that Holly Energy Partners will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Holly Energy Partners insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.80% of the stock of Holly Energy Partners is held by insiders.
Percentage Held by Institutions
Only 25.42% of the stock of Holly Energy Partners is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Holly Energy Partners are expected to grow by 10.50% in the coming year, from $1.81 to $2.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Holly Energy Partners is 8.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Holly Energy Partners is 8.78, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.44.
Price to Book Value per Share Ratio
Holly Energy Partners has a P/B Ratio of 3.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.25 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:HEP

Previous Symbol

CUSIPN/A

CIK1283140

Webwww.hollyenergy.com

Phone214-871-3555

EmployeesN/A

Debt

Debt-to-Equity Ratio3.12

Current Ratio1.41

Quick Ratio1.41

Price-To-Earnings

Trailing P/E Ratio8.78

Forward P/E Ratio7.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$532.78 million

Price / Sales2.73

Cash Flow$2.67 per share

Price / Cash Flow5.17

Book Value$4.58 per share

Price / Book3.01

Profitability

EPS (Most Recent Fiscal Year)$1.87

Net Income$224.88 million

Net Margins32.83%

Return on Equity40.34%

Return on Assets8.83%

Miscellaneous

Outstanding Shares105,440,000

Market Cap$1.45 billion

Next Earnings Date2/17/2021 (Estimated)

OptionableOptionable

$13.78

+0.24 (+1.77 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Holly Energy Partners (NYSE:HEP) Frequently Asked Questions

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

Holly Energy Partners' stock was trading at $14.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HEP stock has decreased by 4.2% and is now trading at $13.78.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Holly Energy Partners?

8 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Holly Energy Partners or view MarketBeat's top 5 stock picks.

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 winning trading ideas this year 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.

When is Holly Energy Partners' next earnings date?

Holly Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Holly Energy Partners.

How were Holly Energy Partners' earnings last quarter?

Holly Energy Partners, L.P. (NYSE:HEP) announced its quarterly earnings results on Wednesday, November, 4th. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.02. The pipeline company earned $127.70 million during the quarter, compared to analysts' expectations of $122.82 million. Holly Energy Partners had a net margin of 32.83% and a return on equity of 40.34%. Holly Energy Partners's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS.
View Holly Energy Partners' earnings history.

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, October 22nd. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.35 per share on Thursday, November 12th. This represents a $1.40 annualized dividend and a dividend yield of 10.16%. The ex-dividend date is Friday, October 30th.
View Holly Energy Partners' dividend history.

What price target have analysts set for HEP?

8 Wall Street analysts have issued 1 year target prices for Holly Energy Partners' shares. Their forecasts range from $14.00 to $22.00. On average, they anticipate Holly Energy Partners' stock price to reach $17.83 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
View analysts' price targets for Holly Energy Partners.

Who are some of Holly Energy Partners' key competitors?

Some companies that are related to Holly Energy Partners include Shell Midstream Partners (SHLX), Plains GP (PAGP), NuStar Energy (NS), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all 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).

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 54, Pay $175k)
Mr. Richard Lawrence Voliva III, C.F.A., CFA, Pres of Holly Logistic Services LLC (Age 42, Pay $620.99k)
Mr. Mark T. Cunningham, Sr. VP of Operations & Engineering - Holly Logistic Services, LLC (Age 60, Pay $565.95k)
Ms. Vaishali S. Bhatia, Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services, L.L.C. (Age 37, Pay $229.99k)
Mr. John Wayne Harrison Jr., Sr. VP, CFO & Treasurer of Holly Logistic Services LLC (Age 41)
Mr. Craig Biery, VP of Investor Relations
Mr. Kenneth P. Norwood, VP and Controller of Holly Logistic Services LLC (Age 54)
Trey Schonter, Exec. of Investor Relations
Jared Harding, Investor Relations Officer

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 shareholders include Alps Advisors Inc. (5.20%), Energy Income Partners LLC (4.05%), JPMorgan Chase & Co. (1.45%), Morgan Stanley (1.29%), Wells Fargo & Company MN (1.14%) and CIBC Private Wealth Group LLC (0.94%). 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 Energy Income Partners LLC, Alps Advisors Inc., Arrowstreet Capital Limited Partnership, Raymond James & Associates, Guggenheim Capital LLC, JPMorgan Chase & Co., and Dividend Assets Capital LLC.
View insider buying and selling activity for Holly Energy Partners.

Which major investors are buying Holly Energy Partners stock?

HEP stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, CIBC Private Wealth Group LLC, Arkfeld Wealth Strategies L.L.C., First Trust Advisors LP, Pitcairn Co., Wells Fargo & Company MN, Roosevelt Investment Group Inc., and Blackstone Group Inc.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Holly Energy Partners' stock price today?

One share of HEP stock can currently be purchased for approximately $13.78.

How big of a company is Holly Energy Partners?

Holly Energy Partners has a market capitalization of $1.45 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.

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 12/1/2020 by MarketBeat.com Staff

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