Holly Energy Partners, L.P. (NYSE:HEP)’s share price was down 2% on Tuesday . The stock traded as low as $35.79 and last traded at $35.79, with a volume of 69,048 shares changing hands. The stock had previously closed at $36.51.

Several equities analysts have recently weighed in on HEP shares. Zacks Investment Research upgraded Holly Energy Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Monday, June 13th. Simmons restated an “overweight” rating on shares of Holly Energy Partners, L.P. in a research report on Friday, April 1st. Piper Jaffray Cos. started coverage on Holly Energy Partners, L.P. in a research report on Friday, April 1st. They issued an “overweight” rating on the stock. Raymond James Financial Inc. downgraded Holly Energy Partners, L.P. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, April 27th. Finally, 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 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Holly Energy Partners, L.P. has an average rating of “Buy” and a consensus price target of $36.60.

The company has a 50-day moving average price of $34.85 and a 200 day moving average price of $31.74. The company has a market cap of $2.08 billion and a PE ratio of 20.06.

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. During the same quarter last year, the firm posted $0.37 EPS. The business earned $102 million during the quarter, compared to analyst estimates of $96.72 million. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts forecast that Holly Energy Partners, L.P. will post $1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 1st will be given a $0.585 dividend. This is a boost from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, July 28th. This represents a $2.34 annualized dividend and a yield of 6.60%.

A number of hedge funds and institutional investors have bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. acquired a new position in Holly Energy Partners, L.P. during the fourth quarter valued at about $1,332,000. 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 during the period. Finally, 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 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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