Holly Energy Partners - HEP Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Holly Energy Partners in the last twelve months. There are currently 1 sell 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.
View HEP analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month target prices for Holly Energy Partners' stock. Their HEP share price forecasts range from $15.00 to $22.00. On average, they expect the company's share price to reach $19.00 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for HEP or view top-rated stocks among Wall Street analysts.

Holly Energy Partners' stock was trading at $16.49 on January 1st, 2022. Since then, HEP stock has increased by 1.2% and is now trading at $16.69.
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Holly Energy Partners saw a increase in short interest in August. As of August 15th, there was short interest totaling 1,460,000 shares, an increase of 13.2% from the July 31st total of 1,290,000 shares. Based on an average daily trading volume, of 177,800 shares, the short-interest ratio is currently 8.2 days. Approximately 3.3% of the company's stock are sold short.
View Holly Energy Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.05. The pipeline company earned $135.80 million during the quarter, compared to the consensus estimate of $124.17 million. Holly Energy Partners had a net margin of 40.47% and a trailing twelve-month return on equity of 27.07%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS.

Holly Energy Partners declared a quarterly dividend on Thursday, July 21st. Investors 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 dividend on an annualized basis and a yield of 8.39%. 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 7.78%. HEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 78.21%. 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 69.31% 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 investors include Alps Advisors Inc. (5.29%), Mirae Asset Global Investments Co. Ltd. (2.86%), UBS Group AG (0.74%), JPMorgan Chase & Co. (0.69%), Goldman Sachs Group Inc. (0.55%) and CIBC Private Wealth Group LLC (0.43%). 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 $16.69.

Holly Energy Partners (NYSE:HEP) has a market capitalization of $2.11 billion and generates $494.49 million in revenue each year. The pipeline company earns $214.95 million in net income (profit) each year or $1.79 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.