NYSE:HEPHolly Energy Partners Stock Price, Forecast & News

$16.73

-0.02 (-0.12 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$16.73

Now: $16.73▼

$17.45

50-Day Range

$11.93

MA: $14.62▼

$16.80

52-Week Range

$6.57

Now: $16.73▼

$30.61

Volume291,668 shs

Average Volume383,546 shs

Market Capitalization$1.76 billion

P/E Ratio8.90

Dividend Yield8.36%

Beta1.04

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Holly Energy Partners has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.73, Holly Energy Partners has a potential upside of 11.9% from its current price of $16.73.
Amount of Analyst Coverage
Holly Energy Partners has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Holly Energy Partners has received 254 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Holly Energy Partners has received 406 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Holly Energy Partners has received 61.52% “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.

4.2 Dividend Strength

Dividend Leadership
Holly Energy Partners is a leading dividend payer. It pays a dividend yield of 8.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Holly Energy Partners has been increasing its dividend for 16 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 EPS estimates, Holly Energy Partners will have a dividend payout ratio of 77.35 % in the coming year. This indicates that Holly Energy Partners may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Holly Energy Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $25,270.00 in company stock and sold $0.00 in 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 32.22% 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 23.97% in the coming year, from $1.46 to $1.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Holly Energy Partners is 8.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Holly Energy Partners is 8.90, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.92.
Price to Book Value per Share Ratio
Holly Energy Partners has a P/B Ratio of 3.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.98 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

Debt

Debt-to-Equity Ratio3.50

Current Ratio1.48

Quick Ratio1.48

Price-To-Earnings

Trailing P/E Ratio8.90

Forward P/E Ratio11.46

P/E GrowthN/A

Sales & Book Value

Annual Sales$532.78 million

Price / Sales3.31

Cash Flow$2.81 per share

Price / Cash Flow5.95

Book Value$4.63 per share

Price / Book3.61

Profitability

EPS (Most Recent Fiscal Year)$1.87

Net Income$224.88 million

Net Margins37.74%

Return on Equity41.37%

Return on Assets9.06%

Miscellaneous

EmployeesN/A

Outstanding Shares105,440,000

Market Cap$1.76 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Holly Energy Partners (NYSE:HEP) Frequently Asked Questions

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

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 increased by 16.3% and is now trading at $16.73. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Holly Energy Partners.

When is Holly Energy Partners' next earnings date?

Holly Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. 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 earnings results on Wednesday, May, 6th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.04. The pipeline company earned $127.90 million during the quarter, compared to analysts' expectations of $133.77 million. Holly Energy Partners had a return on equity of 41.37% and a net margin of 37.74%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 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, April 23rd. Investors of record on Monday, May 4th will be given a dividend of $0.35 per share on Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, May 1st. View Holly Energy Partners' dividend history.

What price target have analysts set for HEP?

8 Wall Street analysts have issued twelve-month price objectives for Holly Energy Partners' shares. Their forecasts range from $14.00 to $26.86. On average, they expect Holly Energy Partners' stock price to reach $18.73 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View analysts' price targets for Holly Energy Partners.

Has Holly Energy Partners been receiving favorable news coverage?

Media coverage about HEP stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Holly Energy Partners earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned press coverage about the pipeline company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutHolly Energy Partners.

Are investors shorting Holly Energy Partners?

Holly Energy Partners saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,330,000 shares, a decline of 24.0% from the April 15th total of 1,750,000 shares. Based on an average daily volume of 892,600 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.0% of the company's shares are short sold. View Holly Energy Partners' Current Options Chain.

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), 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 LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Exxon Mobil (XOM), New Residential Investment (NRZ), Enbridge (ENB), Omega Healthcare Investors (OHI), Pfizer (PFE) and Golar LNG Partners (GMLP).

Who are Holly Energy Partners' key executives?

Holly Energy Partners' management team includes the following 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

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 retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (5.62%), Wells Fargo & Company MN (2.77%), Tortoise Capital Advisors L.L.C. (1.25%), UBS Group AG (1.22%), JPMorgan Chase & Co. (1.12%) and Clearbridge Investments LLC (1.08%). Company insiders that own Holly Energy Partners stock include Eric L Mattson, Kenneth Norwood 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., Morgan Stanley, Morgan Stanley, Clearbridge Investments LLC, Citigroup Inc., Russell Investments Group Ltd., UBS Group AG, and Tiedemann Advisors 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 Alps Advisors Inc., Wells Fargo & Company MN, Harvest Fund Advisors LLC, JPMorgan Chase & Co., Arkfeld Wealth Strategies L.L.C., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, ING Groep NV, and Avalon Investment & Advisory. 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 $16.73.

How big of a company is Holly Energy Partners?

Holly Energy Partners has a market capitalization of $1.76 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 6/6/2020 by MarketBeat.com Staff