Holly Energy Partners, L.P. (NYSE:HEP) shares saw strong trading volume on Tuesday . 64,645 shares were traded during trading, a decline of 25% from the previous session’s volume of 86,690 shares.The stock last traded at $35.83 and had previously closed at $35.87.

Several research analysts recently weighed in on the company. Barclays PLC reissued an “equal weight” rating and set a $35.00 price target on shares of Holly Energy Partners, L.P. in a research report on Thursday, July 7th. Zacks Investment Research lowered Holly Energy Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 5th. Raymond James Financial Inc. lowered Holly Energy Partners, L.P. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, April 27th. Piper Jaffray Cos. initiated coverage on Holly Energy Partners, L.P. in a research report on Friday, April 1st. They issued an “overweight” rating on the stock. Finally, Simmons reaffirmed an “overweight” rating on shares of Holly Energy Partners, L.P. in a research report on Friday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $36.00.

The stock has a 50 day moving average of $34.49 and a 200-day moving average of $31.51. The company has a market capitalization of $2.10 billion and a P/E ratio of 20.21.

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

Other hedge funds and institutional investors have bought and sold shares of the company. Morgan Stanley raised its position in Holly Energy Partners, L.P. by 31.2% in the fourth quarter. Morgan Stanley now owns 388,131 shares of the company’s stock valued at $12,086,000 after buying an additional 92,260 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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 valued at $6,353,000 after buying an additional 62,880 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in Holly Energy Partners, L.P. during the fourth quarter valued at $1,332,000.

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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