Holly Energy Partners, L.P. (NYSE:HEP) saw unusually-strong trading volume on Monday . Approximately 148,521 shares changed hands during trading, an increase of 23% from the previous session’s volume of 121,211 shares.The stock last traded at $32.39 and had previously closed at $31.99.

Several equities research analysts have recently issued reports on HEP shares. Barclays PLC reissued an “equal weight” rating and set a $35.00 target price on shares of Holly Energy Partners, L.P. in a research note on Thursday, July 7th. Zacks Investment Research raised shares of Holly Energy Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Holly Energy Partners, L.P. in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.80.

The firm’s 50-day moving average price is $34.43 and its 200 day moving average price is $32.95. The company has a market cap of $1.91 billion and a PE ratio of 17.25.

Holly Energy Partners, L.P. (NYSE:HEP) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The business earned $94.90 million during the quarter, compared to analyst estimates of $97.17 million. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Holly Energy Partners, L.P. will post $1.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 1st were paid 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 of this dividend was Thursday, July 28th. This represents a $2.34 dividend on an annualized basis and a yield of 7.24%.

An institutional investor recently raised its position in Holly Energy Partners, L.P. stock. Morgan Stanley raised its position 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 Securities and Exchange Commission (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 about 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.