Holly Energy Partners L.P. (HEP)
| Market Cap | 2.11B |
| Revenue (ttm) | 508.61M |
| Net Income (ttm) | 189.29M |
| Shares Out | 105.44M |
| EPS (ttm) | 1.79 |
| PE Ratio | 11.20 |
| Forward PE | 9.25 |
| Dividend | $1.40 (6.99%) |
| Ex-Dividend Date | Jul 30, 2021 |
| Volume | 105,656 |
| Open | 20.43 |
| Previous Close | 20.38 |
| Day's Range | 19.98 - 20.49 |
| 52-Week Range | 9.90 - 23.30 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 20.83 (+4.0%) |
| Est. Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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...
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.
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...
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.
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...
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...
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...
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...
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...
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.
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...
4 Oil Pipeline Stocks to Combat the Coronavirus-Led Industry Woes
4 Oil Pipeline Stocks to Combat the Coronavirus-Led Industry Woes
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 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...
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 ...
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.
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...
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...
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...
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...
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...
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
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 ...
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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.
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.