20,000 Shares in Holly Energy Partners, L.P. (HEP) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new stake in Holly Energy Partners, L.P. (NYSE:HEP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the pipeline company’s stock, valued at approximately $650,000.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in shares of Holly Energy Partners, L.P. in the 1st quarter valued at $329,000. Uniplan Investment Counsel Inc. lifted its stake in shares of Holly Energy Partners, L.P. by 11.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 138,811 shares of the pipeline company’s stock valued at $4,509,000 after purchasing an additional 13,997 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Holly Energy Partners, L.P. in the 1st quarter valued at $351,000. Morgan Stanley lifted its stake in shares of Holly Energy Partners, L.P. by 9.4% in the 1st quarter. Morgan Stanley now owns 415,147 shares of the pipeline company’s stock valued at $14,825,000 after purchasing an additional 35,828 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. lifted its stake in shares of Holly Energy Partners, L.P. by 2.0% in the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 41,922 shares of the pipeline company’s stock valued at $1,362,000 after purchasing an additional 833 shares during the period. 46.10% of the stock is currently owned by institutional investors.

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HEP has been the subject of a number of recent analyst reports. UBS AG lowered their price objective on shares of Holly Energy Partners, L.P. from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Holly Energy Partners, L.P. from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Scotiabank set a $34.00 price objective on shares of Holly Energy Partners, L.P. and gave the company a “hold” rating in a research report on Friday, October 20th. BidaskClub upgraded shares of Holly Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Holly Energy Partners, L.P. from $35.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.00.

Shares of Holly Energy Partners, L.P. (NYSE HEP) opened at 33.53 on Monday. The company has a 50 day moving average of $34.12 and a 200-day moving average of $33.61. The company has a market cap of $2.16 billion, a PE ratio of 27.80 and a beta of 0.88. Holly Energy Partners, L.P. has a 52-week low of $29.53 and a 52-week high of $38.09.

Holly Energy Partners, L.P. (NYSE:HEP) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.12). The firm had revenue of $109.14 million during the quarter, compared to analyst estimates of $113.12 million. Holly Energy Partners, L.P. had a net margin of 34.06% and a return on equity of 34.14%. Holly Energy Partners, L.P.’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Analysts forecast that Holly Energy Partners, L.P. will post $1.36 EPS for the current fiscal year.

The company also recently announced a dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be issued a $0.645 dividend. The ex-dividend date of this dividend is Friday, November 3rd. Holly Energy Partners, L.P.’s payout ratio is 207.38%.

Holly Energy Partners, L.P. Profile

Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

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Institutional Ownership by Quarter for Holly Energy Partners, L.P. (NYSE:HEP)

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