Monetary Management Group Inc. continued to hold its stake in shares of Holly Energy Partners, L.P. (NYSE:HEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the pipeline company’s stock at the end of the second quarter. Monetary Management Group Inc.’s holdings in Holly Energy Partners, L.P. were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HEP. BNP Paribas Arbitrage SA bought a new position in Holly Energy Partners, L.P. in the 1st quarter valued at $211,000. Ameriprise Financial Inc. bought a new position in Holly Energy Partners, L.P. in the 1st quarter valued at $351,000. Envestnet Asset Management Inc. boosted its holdings in Holly Energy Partners, L.P. by 72.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,421 shares of the pipeline company’s stock valued at $194,000 after purchasing an additional 2,286 shares during the period. JPMorgan Chase & Co. boosted its holdings in Holly Energy Partners, L.P. by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 621,256 shares of the pipeline company’s stock valued at $22,185,000 after purchasing an additional 32,177 shares during the period. Finally, Stifel Financial Corp bought a new position in Holly Energy Partners, L.P. in the 1st quarter valued at $329,000. 46.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Holly Energy Partners, L.P. (NYSE:HEP) traded down 0.29% on Friday, reaching $34.43. 21,170 shares of the company’s stock traded hands. The firm’s 50-day moving average is $33.10 and its 200-day moving average is $33.73. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 28.55 and a beta of 0.88. Holly Energy Partners, L.P. has a 52-week low of $29.53 and a 52-week high of $38.09.

Holly Energy Partners, L.P. (NYSE:HEP) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.12). The firm had revenue of $109.14 million during the quarter, compared to analysts’ expectations of $113.12 million. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Analysts anticipate that Holly Energy Partners, L.P. will post $1.39 EPS for the current fiscal year.

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Several research analysts have commented on the stock. Zacks Investment Research raised shares of Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Scotiabank set a $34.00 price target on shares of Holly Energy Partners, L.P. and gave the company a “hold” rating in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $35.00.

Holly Energy Partners, L.P. 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.

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Institutional Ownership by Quarter for Holly Energy Partners, L.P. (NYSE:HEP)

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