Holly Energy Partners - HEP Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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.
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4 Wall Street analysts have issued 12 month price targets for Holly Energy Partners' shares. Their HEP share price forecasts range from $15.00 to $22.00. On average, they expect the company's stock price to reach $19.25 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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Holly Energy Partners' stock was trading at $16.49 on January 1st, 2022. Since then, HEP stock has increased by 5.7% and is now trading at $17.43.
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Holly Energy Partners is scheduled to release its next quarterly earnings announcement on Monday, October 31st 2022.
View our HEP earnings forecast.

Holly Energy Partners, L.P. (NYSE:HEP) released its quarterly earnings results on Monday, August, 8th. The pipeline company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.05. The pipeline company earned $135.80 million during the quarter, compared to analyst estimates of $124.17 million. Holly Energy Partners had a net margin of 41.05% and a trailing twelve-month return on equity of 29.60%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS.

Holly Energy Partners announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Monday, August 1st will be given a dividend of $0.35 per share on Friday, August 12th. This represents a $1.40 annualized dividend and a dividend yield of 8.03%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for HEP.

Holly Energy Partners (NYSE:HEP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 8.28%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HEP will have a dividend payout ratio of 68.29% 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."

Holly Energy Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (2.86%), CIBC Private Wealth Group LLC (0.43%), Arkfeld Wealth Strategies L.L.C. (0.35%), Miller Howard Investments Inc. NY (0.24%), Capital Investment Advisors LLC (0.04%) and GraniteShares Advisors LLC (0.04%). Insiders that own company stock include James H Lee, Kenneth Norwood and Michael Jennings.
View institutional ownership trends.

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 $17.43.

Holly Energy Partners (NYSE:HEP) has a market capitalization of $2.20 billion and generates $494.49 million in revenue each year. The pipeline company earns $214.95 million in net income (profit) each year or $1.87 on an earnings per share basis.

Holly Energy Partners 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.