$0.45 EPS Expected for Holly Energy Partners, L.P. (NYSE:HEP) This Quarter

Brokerages expect Holly Energy Partners, L.P. (NYSE:HEP) to post earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Holly Energy Partners’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. Holly Energy Partners also reported earnings per share of $0.45 during the same quarter last year. The firm is expected to report its next earnings report before the market opens on Wednesday, February 19th.

On average, analysts expect that Holly Energy Partners will report full-year earnings of $2.14 per share for the current year. For the next year, analysts expect that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.73 to $1.79. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Holly Energy Partners.

Several analysts have weighed in on HEP shares. ValuEngine upgraded shares of Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co upgraded shares of Holly Energy Partners from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 7th. Zacks Investment Research cut shares of Holly Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Cfra upgraded shares of Holly Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.98.

A number of hedge funds have recently added to or reduced their stakes in HEP. CIBC Private Wealth Group LLC increased its holdings in Holly Energy Partners by 523.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 551,601 shares of the pipeline company’s stock valued at $12,218,000 after buying an additional 463,107 shares during the period. Bank of Montreal Can increased its holdings in Holly Energy Partners by 160.1% in the 4th quarter. Bank of Montreal Can now owns 643,420 shares of the pipeline company’s stock valued at $14,252,000 after buying an additional 396,081 shares during the period. Brookfield Public Securities Group LLC increased its holdings in Holly Energy Partners by 18.4% in the 4th quarter. Brookfield Public Securities Group LLC now owns 1,346,524 shares of the pipeline company’s stock valued at $29,826,000 after buying an additional 209,049 shares during the period. Marshall Wace LLP increased its holdings in Holly Energy Partners by 86.1% in the 4th quarter. Marshall Wace LLP now owns 366,337 shares of the pipeline company’s stock valued at $8,114,000 after buying an additional 169,482 shares during the period. Finally, Morgan Stanley increased its holdings in Holly Energy Partners by 74.6% in the 2nd quarter. Morgan Stanley now owns 338,398 shares of the pipeline company’s stock valued at $9,307,000 after buying an additional 144,548 shares during the period. 32.07% of the stock is currently owned by hedge funds and other institutional investors.

Holly Energy Partners stock traded down $0.02 during midday trading on Monday, hitting $23.45. The company’s stock had a trading volume of 443,360 shares, compared to its average volume of 301,526. Holly Energy Partners has a 1-year low of $20.81 and a 1-year high of $30.61. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $24.14. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 13.32 and a beta of 0.75.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a $0.6725 dividend. This represents a $2.69 annualized dividend and a yield of 11.47%. The ex-dividend date of this dividend was Friday, January 31st. Holly Energy Partners’s dividend payout ratio is currently 158.24%.

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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Earnings History and Estimates for Holly Energy Partners (NYSE:HEP)

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