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

A number of brokerages recently commented on HEP. Barclays PLC reaffirmed 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 downgraded Holly Energy Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $36.00 price target on shares of Holly Energy Partners, L.P. in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.80.

The stock has a market capitalization of $1.89 billion and a price-to-earnings ratio of 17.10. The stock has a 50 day moving average price of $34.49 and a 200-day moving average price of $32.89.

Holly Energy Partners, L.P. (NYSE:HEP) last posted its earnings results on Tuesday, August 2nd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $97.17 million. During the same quarter last year, the company posted $0.34 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Holly Energy Partners, L.P. will post $1.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 1st were given a $0.585 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This is an increase 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 dividend yield of 7.32%.

A hedge fund recently raised its stake in Holly Energy Partners, L.P. stock. Morgan Stanley raised its stake in shares of Holly Energy Partners, L.P. (NYSE:HEP) by 31.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 388,131 shares of the company’s stock after buying an additional 92,260 shares during the period. Morgan Stanley owned approximately 0.66% of Holly Energy Partners, L.P. worth $12,086,000 as of its most recent filing with the SEC.

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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