Shares of Holly Energy Partners, L.P. (NYSE:HEP) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.95.

HEP has been the topic of several recent research reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Raymond James initiated coverage on Planet Fitness in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 price target on the stock.

Shares of NYSE HEP traded up $0.19 during midday trading on Thursday, hitting $28.65. The stock had a trading volume of 5,682 shares, compared to its average volume of 156,521. The stock has a 50-day simple moving average of $27.33. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 15.19 and a beta of 0.72. Holly Energy Partners has a fifty-two week low of $26.33 and a fifty-two week high of $34.00. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.49 and a current ratio of 1.49.

Holly Energy Partners (NYSE:HEP) last released its earnings results on Wednesday, May 1st. The pipeline company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Holly Energy Partners had a return on equity of 34.88% and a net margin of 35.92%. The company had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $128.80 million. During the same period last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Holly Energy Partners will post 1.85 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Virtu Financial LLC lifted its holdings in Holly Energy Partners by 5.7% during the first quarter. Virtu Financial LLC now owns 16,419 shares of the pipeline company’s stock worth $443,000 after acquiring an additional 892 shares in the last quarter. Avalon Advisors LLC lifted its holdings in Holly Energy Partners by 3.3% during the first quarter. Avalon Advisors LLC now owns 31,044 shares of the pipeline company’s stock worth $838,000 after acquiring an additional 990 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Holly Energy Partners by 16.3% during the fourth quarter. Private Advisor Group LLC now owns 8,816 shares of the pipeline company’s stock worth $252,000 after acquiring an additional 1,235 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Holly Energy Partners by 5.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,410 shares of the pipeline company’s stock worth $725,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Tortoise Index Solutions LLC lifted its holdings in Holly Energy Partners by 17.6% during the first quarter. Tortoise Index Solutions LLC now owns 19,389 shares of the pipeline company’s stock worth $523,000 after acquiring an additional 2,903 shares in the last quarter. Institutional investors and hedge funds own 31.25% of the company’s stock.

About Holly Energy Partners

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.

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Analyst Recommendations for Holly Energy Partners (NYSE:HEP)

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