Richard C. Young & CO. LTD. raised its holdings in shares of Holly Energy Partners, L.P. (NYSE:HEP) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,810 shares of the pipeline company’s stock after acquiring an additional 3,341 shares during the quarter. Richard C. Young & CO. LTD. owned approximately 0.10% of Holly Energy Partners worth $2,198,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HEP. Alliancebernstein L.P. purchased a new position in Holly Energy Partners during the 1st quarter valued at about $310,000. Bank of America Corp DE grew its stake in shares of Holly Energy Partners by 14.1% in the 1st quarter. Bank of America Corp DE now owns 79,269 shares of the pipeline company’s stock valued at $2,830,000 after buying an additional 9,826 shares in the last quarter. Credit Suisse AG grew its stake in shares of Holly Energy Partners by 123.5% in the 1st quarter. Credit Suisse AG now owns 62,643 shares of the pipeline company’s stock valued at $2,237,000 after buying an additional 34,612 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Holly Energy Partners in the 2nd quarter valued at approximately $1,426,000. Finally, Creative Planning grew its stake in shares of Holly Energy Partners by 17.0% in the 2nd quarter. Creative Planning now owns 5,378 shares of the pipeline company’s stock valued at $175,000 after buying an additional 782 shares in the last quarter. 42.65% of the stock is currently owned by institutional investors.

Holly Energy Partners, L.P. (HEP) traded down $0.50 on Monday, reaching $31.92. The company had a trading volume of 7,585 shares, compared to its average volume of 174,131. Holly Energy Partners, L.P. has a 12-month low of $30.11 and a 12-month high of $38.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.69. The firm has a market cap of $2,090.00, a price-to-earnings ratio of 18.63, a P/E/G ratio of 10.26 and a beta of 0.89.

Holly Energy Partners (NYSE:HEP) last posted its earnings results on Tuesday, October 31st. The pipeline company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. Holly Energy Partners had a return on equity of 34.29% and a net margin of 34.35%. The firm had revenue of $110.40 million during the quarter, compared to analyst estimates of $113.01 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. research analysts expect that Holly Energy Partners, L.P. will post 1.58 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were issued a $0.645 dividend. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.63. This represents a $2.58 annualized dividend and a yield of 8.08%. The ex-dividend date was Friday, November 3rd. Holly Energy Partners’s payout ratio is 167.53%.

Several equities research analysts recently commented on HEP shares. Wells Fargo & Company lowered their price target on Holly Energy Partners from $35.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 20th. Zacks Investment Research raised Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. UBS AG lowered their price target on Holly Energy Partners from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. BidaskClub cut Holly Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Finally, Scotiabank set a $34.00 price target on Holly Energy Partners and gave the company a “hold” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Holly Energy Partners currently has an average rating of “Hold” and an average price target of $35.50.

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Holly Energy Partners 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, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

Institutional Ownership by Quarter for Holly Energy Partners (NYSE:HEP)

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