Bank of America Corp. set a $38.00 price objective on Holly Energy Partners, L.P. (NYSE:HEP) in a research note published on Tuesday. The firm currently has a a buy rating on the stock.

Analyst Recommendations for Holly Energy Partners, L.P. (NYSE:HEP)

Several other brokerages have also issued reports on HEP. Zacks Investment Research upgraded Holly Energy Partners, L.P. from a hold rating to a strong-buy rating and set a $41.00 price target on the stock in a research note on Tuesday, July 19th. Barclays PLC reiterated an equal weight rating and issued a $35.00 price target on shares of Holly Energy Partners, L.P. in a research note on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a $36.00 price target on shares of Holly Energy Partners, L.P. in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $37.50.

Holly Energy Partners, L.P. (NYSE:HEP) traded up 0.189% during midday trading on Tuesday, reaching $33.954. The company had a trading volume of 26,381 shares. Holly Energy Partners, L.P. has a 12-month low of $21.44 and a 12-month high of $36.99. The stock has a 50-day moving average price of $32.96 and a 200 day moving average price of $33.67. The company has a market capitalization of $2.01 billion, a PE ratio of 18.128 and a beta of 0.84.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business earned $94.90 million during the quarter, compared to the consensus estimate of $97.17 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts forecast that Holly Energy Partners, L.P. will post $1.95 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Energy Income Partners LLC increased its stake in Holly Energy Partners, L.P. by 9.6% in the first quarter. Energy Income Partners LLC now owns 4,790,818 shares of the company’s stock valued at $162,074,000 after buying an additional 421,217 shares during the period. Harvest Fund Advisors LLC increased its position in shares of Holly Energy Partners, L.P. by 2.3% in the first quarter. Harvest Fund Advisors LLC now owns 1,200,380 shares of the company’s stock valued at $40,609,000 after buying an additional 27,221 shares during the last quarter. Creative Planning increased its position in shares of Holly Energy Partners, L.P. by 0.3% in the second quarter. Creative Planning now owns 3,908 shares of the company’s stock valued at $135,000 after buying an additional 12 shares during the last quarter. Sanders Morris Harris Inc. bought a new position in shares of Holly Energy Partners, L.P. during the first quarter valued at approximately $494,000. Finally, BlackRock Inc. bought a new position in shares of Holly Energy Partners, L.P. during the first quarter valued at approximately $174,000.

Holly Energy Partners, L.P. Company Profile

Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals and loading rack facilities. The Company operates in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

5 Day Chart for NYSE:HEP

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