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Holly Energy Partners L.P. (HEP)

NYSE: HEP · IEX Real-Time Price · USD
20.02 -0.36 (-1.77%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap2.11B
Revenue (ttm)508.61M
Net Income (ttm)189.29M
Shares Out105.44M
EPS (ttm)1.79
PE Ratio11.20
Forward PE9.25
Dividend$1.40 (6.99%)
Ex-Dividend DateJul 30, 2021
Volume105,656
Open20.43
Previous Close20.38
Day's Range19.98 - 20.49
52-Week Range9.90 - 23.30
Beta1.06
AnalystsBuy
Price Target20.83 (+4.0%)
Est. Earnings DateNov 3, 2021

About HEP

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 in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho, and Washington. It operates through two segments, Pipelines and Terminals, and Refinery Processing Units. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxyge...

IndustryOil, Gas & Consumable Fuels
IPO DateJul 8, 2004
CEOGeorge Damiris
CountryUnited States
Stock ExchangeNYSE
Ticker SymbolHEP
Full Company Profile

Financial Performance

In 2020, HEP's revenue was $497.85 million, a decrease of -6.56% compared to the previous year's $532.78 million. Earnings were $170.48 million, a decrease of -24.19%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for HEP stock is "Buy." The 12-month stock price forecast is 20.83, which is an increase of 4.05% from the latest price.

Price Target
$20.83
(4.05% upside)
Analyst Consensus: Buy

News

Holly Energy Partners Third Quarter 2021 Earnings Release and Conference Webcast

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending September 30, 2021 on November 2, 2021, before the opening of tradin...

1 week ago - Business Wire

Holly Energy Partners, L.P. (HEP) Upgraded to Buy: What Does It Mean for the Stock?

Holly Energy Partners, L.P. (HEP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects.

1 month ago - Zacks Investment Research

4 Oil Pipeline Stocks Set to Gain Despite Industry Headwinds

Although the midstream energy business is less exposed to coronavirus-induced oil and gas price volatility, the pandemic outbreak has dulled the Zacks Oil and Gas - Production & Pipelines industry outlo...

Other symbols:ENBKMITGS
1 month ago - Zacks Investment Research

Holly Energy Partners, L.P. (HEP) Loses 18.8% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Holly Energy Partners, L.P. (HEP) is technically in oversold territory now, so the heavy selling pressure might have exhausted.

2 months ago - Zacks Investment Research

HOLLYFRONTIER INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates HollyFr...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Sinclair Oil Cor...

Other symbols:HFC
2 months ago - Business Wire

Holly Energy Partners, L.P. Reports Second Quarter Results

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) today reported financial results for the second quarter of 2021. Net income attributable to HEP for the seco...

2 months ago - Business Wire

HollyFrontier Corporation and Holly Energy Partners Announce Combination with Sinclair Oil and Formation of HF Sincla...

DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (“HollyFrontier”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”), today announced they have entered into definitive agreements under w...

Other symbols:HFC
2 months ago - Business Wire

Holly Energy Partners Announces Quarterly Distribution of $0.35 Per LP Unit

DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second quarter of 2021. The distribution will be paid...

2 months ago - Business Wire

Holly Energy Partners Second Quarter 2021 Earnings Release and Conference Webcast

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending June 30, 2021 on August 3, 2021, before the opening of trading on th...

3 months ago - Business Wire

4 Midstream Companies to Consider as Colonial Pipeline's Operations Resume

Gas prices in the U.S. swelled to over $3 a gallon on Wednesday following the sudden shutdown of the Colonial Pipeline due to a ransomware attack last Friday, leading to shortages along the East Coast.

Other symbols:EPDFROMMP
5 months ago - GuruFocus

Holly Energy Partners, L.P. Reports First Quarter Results

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) today reported financial results for the first quarter of 2021. Net income attributable to HEP for the first...

5 months ago - Business Wire

4 Oil Pipeline Stocks to Combat the Coronavirus-Led Industry Woes

4 Oil Pipeline Stocks to Combat the Coronavirus-Led Industry Woes

Other symbols:ENBKMIWMB
5 months ago - Zacks Investment Research

Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit

DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the first quarter of 2021. The distribution will be paid ...

5 months ago - Business Wire

5 Oil Companies to Consider as Crude Prices Rise

Oil prices rose on Tuesday morning as a result of a drop in the U.S. dollar, making crude more attractive following the over 4% loss incurred on Monday on the prospect of producers returning more than 2...

Other symbols:MMPMTROSG
6 months ago - GuruFocus

Holly Energy Partners First Quarter 2021 Earnings Release and Conference Webcast

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending March 31, 2021 on May 4, 2021, before the opening of trading on the ...

6 months ago - Business Wire

Should Value Investors Consider Holly Energy (HEP) Now?

Let's see if Holly Energy (HEP) stock is a good choice for value-oriented investors right now from multiple angles.

6 months ago - Zacks Investment Research

Holly Energy Partners, L.P. Files 2020 Form 10-K

DALLAS--(BUSINESS WIRE)--On February 24, 2021, Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the f...

7 months ago - Business Wire

Holly Energy Partners, L.P. Reports Fourth Quarter Results

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE:HEP) today reported financial results for the fourth quarter of 2020. Net income attributable to HEP for the fourt...

7 months ago - Business Wire

Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit

DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the fourth quarter of 2020. The distribution will be paid...

8 months ago - Business Wire

Holly Energy Partners Fourth Quarter 2020 Earnings Release and Conference Webcast

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending December 31, 2020 on February 23, 2021, before the opening of tradin...

9 months ago - Business Wire

Holly Energy Partners: The 10% Yield Still Looking Healthy In 2021

After reducing their distributions in early 2020, Holly Energy Partners has sustained its almost 10% yield and is well-positioned heading into 2021. Their operating cash flow has remained very resilient...

9 months ago - Seeking Alpha

Holly Energy Partners, L.P. (HEP) presents on Q3 2020 Results - Earnings Call Transcript

Holly Energy Partners, L.P. (HEP) presents on Q3 2020 Results - Earnings Call Transcript

11 months ago - Seeking Alpha

Holly Energy Partners, L.P. Reports Third Quarter Results

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE:HEP) today reported financial results for the third quarter of 2020. Net income attributable to HEP for the third ...

11 months ago - Business Wire

Make the Most of US Election Day With These 4 Stocks

It's quite nerve-racking to select stocks now as you don't know who will win and what policies might get implemented. Investing in stocks like Ally Financial (ALLY) and Kroger (KR) seems prudent.

Other symbols:ALLYKOPKR
11 months ago - Zacks Investment Research

What Awaits Holly Energy Partners (HEP) in Q3 Earnings?

Holly Energy Partners' (HEP) minimum volume commitment provision is expected to have put a floor on its cash flows even in the face of the steep drop in commodity prices.

11 months ago - Zacks Investment Research