Holly Energy Partners, L.P. (HEP) Shares Bought by Private Advisor Group LLC

Share on StockTwits

Private Advisor Group LLC increased its stake in shares of Holly Energy Partners, L.P. (NYSE:HEP) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,816 shares of the pipeline company’s stock after purchasing an additional 1,235 shares during the period. Private Advisor Group LLC’s holdings in Holly Energy Partners were worth $252,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. lifted its holdings in Holly Energy Partners by 4.1% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,926,285 shares of the pipeline company’s stock worth $217,901,000 after buying an additional 273,580 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Holly Energy Partners by 12.5% during the 4th quarter. Alps Advisors Inc. now owns 4,558,080 shares of the pipeline company’s stock worth $130,179,000 after buying an additional 507,846 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Holly Energy Partners by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 879,788 shares of the pipeline company’s stock worth $27,679,000 after buying an additional 44,682 shares in the last quarter. Advisory Research Inc. lifted its holdings in Holly Energy Partners by 345.5% during the 3rd quarter. Advisory Research Inc. now owns 688,490 shares of the pipeline company’s stock worth $21,660,000 after buying an additional 533,955 shares in the last quarter. Finally, Bollard Group LLC lifted its holdings in Holly Energy Partners by 7.1% during the 4th quarter. Bollard Group LLC now owns 254,195 shares of the pipeline company’s stock worth $7,260,000 after buying an additional 16,892 shares in the last quarter. 32.28% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on HEP. Zacks Investment Research upgraded shares of Holly Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday. Barclays reiterated a “sell” rating on shares of Holly Energy Partners in a report on Wednesday, February 20th. Finally, Scotiabank reiterated a “hold” rating on shares of Holly Energy Partners in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Holly Energy Partners currently has a consensus rating of “Hold” and an average price target of $31.60.

Holly Energy Partners stock opened at $28.24 on Friday. Holly Energy Partners, L.P. has a 52-week low of $26.08 and a 52-week high of $34.00. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 16.61 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.75.

Holly Energy Partners (NYSE:HEP) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). Holly Energy Partners had a net margin of 35.33% and a return on equity of 32.61%. The firm had revenue of $132.80 million during the quarter, compared to analyst estimates of $129.81 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. Holly Energy Partners’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Holly Energy Partners, L.P. will post 1.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 4th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 9.45%. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 1st. Holly Energy Partners’s dividend payout ratio (DPR) is presently 157.06%.

ILLEGAL ACTIVITY NOTICE: “Holly Energy Partners, L.P. (HEP) Shares Bought by Private Advisor Group LLC” was originally posted by Zolmax and is owned by of Zolmax. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://zolmax.com/investing/holly-energy-partners-l-p-hep-shares-bought-by-private-advisor-group-llc/2965016.html.

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.

Featured Story: How is the LIBOR rate calculated?

Want to see what other hedge funds are holding HEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Holly Energy Partners, L.P. (NYSE:HEP).

Institutional Ownership by Quarter for Holly Energy Partners (NYSE:HEP)

Receive News & Ratings for Holly Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

YENTEN  Price Down 25.7% This Week
YENTEN Price Down 25.7% This Week
Crowd Machine Trading 15.2% Higher  This Week
Crowd Machine Trading 15.2% Higher This Week
CSX Co.  Receives $79.58 Consensus PT from Analysts
CSX Co. Receives $79.58 Consensus PT from Analysts
Nectar  Price Hits $0.17 on Major Exchanges
Nectar Price Hits $0.17 on Major Exchanges
NCS Multistage Holdings Inc  Receives Average Rating of “Hold” from Brokerages
NCS Multistage Holdings Inc Receives Average Rating of “Hold” from Brokerages
MyBit  Trading Down 2.3% Over Last 7 Days
MyBit Trading Down 2.3% Over Last 7 Days


 
© 2006-2019 Zolmax.