Shares of Holly Energy Partners, L.P. (NYSE:HEP) saw unusually-high trading volume on Friday . Approximately 1,172,327 shares traded hands during trading, an increase of 945% from the previous session’s volume of 112,223 shares.The stock last traded at $34.24 and had previously closed at $32.01.

HEP has been the topic of several recent research reports. BidaskClub upgraded Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Scotiabank set a $34.00 price target on Holly Energy Partners, L.P. and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $37.00.

The company has a market cap of $2.20 billion, a price-to-earnings ratio of 28.39 and a beta of 0.87. The stock has a 50-day moving average of $32.74 and a 200-day moving average of $33.84.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.12. Holly Energy Partners, L.P. had a net margin of 34.06% and a return on equity of 34.14%. The company had revenue of $109.14 million for the quarter, compared to analysts’ expectations of $113.12 million. During the same quarter last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts predict that Holly Energy Partners, L.P. will post $1.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a dividend of $0.6325 per share. The ex-dividend date was Thursday, August 3rd. This is an increase from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. This represents a $2.53 dividend on an annualized basis and a yield of 7.39%. Holly Energy Partners, L.P.’s dividend payout ratio is 207.38%.

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA bought a new position in shares of Holly Energy Partners, L.P. during the first quarter valued at approximately $211,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Holly Energy Partners, L.P. by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,828 shares of the pipeline company’s stock valued at $6,422,000 after buying an additional 597 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Holly Energy Partners, L.P. during the first quarter valued at approximately $351,000. Friedberg Investment Management grew its stake in shares of Holly Energy Partners, L.P. by 2.8% during the first quarter. Friedberg Investment Management now owns 51,700 shares of the pipeline company’s stock valued at $1,846,000 after buying an additional 1,400 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ grew its stake in shares of Holly Energy Partners, L.P. by 5.1% during the first quarter. Groesbeck Investment Management Corp NJ now owns 116,525 shares of the pipeline company’s stock valued at $4,162,000 after buying an additional 5,666 shares during the last quarter. Institutional investors and hedge funds own 46.20% of the company’s stock.

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Holly Energy Partners, L.P. Company Profile

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, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

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