Holly Energy Partners, L.P. (NYSE:HEP) fell 1.6% during mid-day trading on Wednesday . The company traded as low as $31.96 and last traded at $32.31, with a volume of 60,323 shares trading hands. The stock had previously closed at $32.85.

A number of research firms have issued reports on HEP. Barclays PLC restated an “equal weight” rating and set a $35.00 price target on shares of Holly Energy Partners, L.P. in a research note on Thursday, July 7th. Zacks Investment Research downgraded Holly Energy Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Raymond James Financial Inc. downgraded Holly Energy Partners, L.P. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.60.

The stock’s 50-day moving average price is $34.61 and its 200 day moving average price is $32.91. The company has a market capitalization of $1.90 billion and a P/E ratio of 17.12.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $94.90 million for the quarter, compared to the consensus estimate of $97.17 million. Holly Energy Partners, L.P.’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Analysts predict that Holly Energy Partners, L.P. will post $1.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were given a dividend of $0.585 per share. This is a boost from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.58. This represents a $2.34 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date was Thursday, July 28th.

A hedge fund recently raised its stake in Holly Energy Partners, L.P. stock. Morgan Stanley increased its position in shares of Holly Energy Partners, L.P. (NYSE:HEP) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,131 shares of the company’s stock after buying an additional 92,260 shares during the period. Morgan Stanley owned 0.66% of Holly Energy Partners, L.P. worth $12,086,000 at the end of the most recent reporting 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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