Holly Energy Partners, L.P. (NYSE:HEP) shares fell 0.1% during trading on Friday . The company traded as low as $33.77 and last traded at $34.29, with a volume of 57,074 shares. The stock had previously closed at $34.32.

A number of brokerages have commented on HEP. Zacks Investment Research upgraded shares of Holly Energy Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Wednesday, April 27th. Barclays PLC reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of Holly Energy Partners, L.P. in a report on Thursday. Goldman Sachs Group Inc. raised their price objective on shares of Holly Energy Partners, L.P. from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 18th. Simmons reaffirmed an “overweight” rating on shares of Holly Energy Partners, L.P. in a report on Friday, April 1st. Finally, Raymond James Financial Inc. lowered shares of Holly Energy Partners, L.P. from a “market perform” rating to an “underperform” rating in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.00.

The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 19.63. The firm’s 50 day moving average price is $33.98 and its 200 day moving average price is $31.24.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.07. During the same period last year, the company posted $0.37 EPS. The firm had revenue of $102 million for the quarter, compared to the consensus estimate of $96.72 million. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Holly Energy Partners, L.P. will post $1.97 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Holly Energy Partners, L.P. during the fourth quarter worth $1,332,000. Clarkston Capital Partners LLC increased its stake in shares of Holly Energy Partners, L.P. by 20.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 60,000 shares of the company’s stock worth $1,868,000 after buying an additional 10,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Holly Energy Partners, L.P. by 44.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 204,004 shares of the company’s stock worth $6,353,000 after buying an additional 62,880 shares during the period. Finally, Morgan Stanley increased its stake in shares of Holly Energy Partners, L.P. by 31.2% in the fourth quarter. Morgan Stanley now owns 388,131 shares of the company’s stock worth $12,086,000 after buying an additional 92,260 shares during the period.

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.

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