Holly Energy Partners (NYSE:HEP) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a $17.00 target price on the pipeline company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 13.26% from the company’s current price. Jefferies Financial Group also issued estimates for Holly Energy Partners’ FY2022 earnings at $2.00 EPS and FY2023 earnings at $2.12 EPS.
A number of other analysts also recently commented on HEP. US Capital Advisors raised Holly Energy Partners from a “hold” rating to an “overweight” rating in a research note on Thursday, May 21st. Raymond James raised Holly Energy Partners from an “underperform” rating to an “outperform” rating in a research report on Monday, April 27th. Wells Fargo & Co boosted their target price on Holly Energy Partners from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Zacks Investment Research raised Holly Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, June 3rd. Finally, Barclays raised Holly Energy Partners from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $13.00 to $14.00 in a research report on Monday, April 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Holly Energy Partners presently has an average rating of “Hold” and an average price target of $18.48.
Shares of HEP stock opened at $15.01 on Tuesday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.48 and a current ratio of 1.48. Holly Energy Partners has a 1 year low of $6.57 and a 1 year high of $30.61. The stock has a fifty day moving average of $15.80 and a two-hundred day moving average of $18.24. The firm has a market capitalization of $1.70 billion, a PE ratio of 7.98 and a beta of 1.04.
Holly Energy Partners (NYSE:HEP) last posted its quarterly earnings data on Wednesday, May 6th. The pipeline company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Holly Energy Partners had a return on equity of 41.37% and a net margin of 37.74%. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $133.77 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities research analysts predict that Holly Energy Partners will post 1.4 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Holly Energy Partners by 50.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,235 shares of the pipeline company’s stock valued at $50,000 after buying an additional 748 shares during the period. Advisor Group Inc. grew its stake in Holly Energy Partners by 14.3% in the fourth quarter. Advisor Group Inc. now owns 6,056 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 757 shares in the last quarter. Pacer Advisors Inc. grew its stake in Holly Energy Partners by 51.5% in the first quarter. Pacer Advisors Inc. now owns 2,336 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 794 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Holly Energy Partners in the fourth quarter valued at about $4,984,000. Finally, North Star Investment Management Corp. grew its stake in Holly Energy Partners by 115.7% in the first quarter. North Star Investment Management Corp. now owns 3,839 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 2,059 shares in the last quarter. 32.22% of the stock is currently owned by hedge funds and other institutional investors.
Holly Energy Partners Company Profile
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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