June 8:
Holly Energy Partners, L.P. (NYSE:HEP) Director William P. Stengel sold 2,208 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $35.82, for a total value of $79,090.56. Following the completion of the sale, the director now directly owns 10,329 shares of the company’s stock, valued at approximately $369,985. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Holly Energy Partners, L.P. from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $36.20 price target on the stock. Analysts at Howard Weil raised their price target on shares of Holly Energy Partners, L.P. from $34.00 to $35.00 in a research note on Friday, May 2nd. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.80.
Holly Energy Partners, L.P. (NYSE:HEP) traded down 2.81% on Friday, hitting $35.30. The stock had a trading volume of 105,097 shares. Holly Energy Partners, L.P. has a 52-week low of $29.55 and a 52-week high of $40.00. The stock has a 50-day moving average of $33.92 and a 200-day moving average of $32.. The company has a market cap of $2.071 billion and a P/E ratio of 38.11.
Holly Energy Partners, L.P. (NYSE:HEP) last announced its earnings results on Thursday, May 1st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.05. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $77.52 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that Holly Energy Partners, L.P. will post $1.24 earnings per share for the current fiscal year.
Holly Energy Partners, L.P. (NYSE:HEP) is engaged principally in the business of operating a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals and loading rack facilities in west Texas, New Mexico, Utah, Arizona, Oklahoma, Idaho and Washington.
Source: http://tickerreport.com/banking-finance/229438/holly-energy-partners-l-p-director-william-p-stengel-sells-2208-shares-hep/?
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