Shares of Holly Energy Partners, L.P. (NYSE:HEP) saw unusually-strong trading volume on Tuesday . Approximately 125,103 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 120,755 shares.The stock last traded at $36.64 and had previously closed at $34.66.

Several equities research analysts have recently weighed in on HEP shares. TheStreet raised Holly Energy Partners, L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. Goldman Sachs Group Inc. increased their price objective on Holly Energy Partners, L.P. from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 18th. Barclays PLC started coverage on Holly Energy Partners, L.P. in a research report on Wednesday, April 13th. They issued an “equal weight” rating and a $33.00 price objective for the company. Zacks Investment Research cut Holly Energy Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Simmons reissued an “overweight” rating on shares of Holly Energy Partners, L.P. in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.00.

The company’s 50-day moving average price is $34.13 and its 200 day moving average price is $31.32. The stock has a market capitalization of $2.15 billion and a price-to-earnings ratio of 20.73.

Holly Energy Partners, L.P. (NYSE:HEP) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $102 million for the quarter, compared to the consensus estimate of $96.72 million. During the same period last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts predict that Holly Energy Partners, L.P. will post $1.97 EPS for the current fiscal year.

Other hedge funds and institutional investors have made changes to their positions in the company. Morgan Stanley increased its position 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 last quarter. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Holly Energy Partners, L.P. during the fourth quarter worth approximately $1,332,000. Finally, Clarkston Capital Partners LLC increased its position 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 last quarter.

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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