$0.43 Earnings Per Share Expected for Holly Energy Partners, L.P. (HEP) This Quarter

Analysts expect Holly Energy Partners, L.P. (NYSE:HEP) to post $0.43 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Holly Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.44. Holly Energy Partners posted earnings of $0.66 per share during the same quarter last year, which suggests a negative year over year growth rate of 34.8%. The business is scheduled to report its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Holly Energy Partners will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.73 to $1.77. For the next financial year, analysts anticipate that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.79 to $1.93. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Holly Energy Partners.

Holly Energy Partners (NYSE:HEP) last issued its earnings results on Wednesday, August 1st. The pipeline company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.03). The business had revenue of $118.76 million for the quarter, compared to analyst estimates of $123.41 million. Holly Energy Partners had a return on equity of 34.10% and a net margin of 44.01%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS.

A number of research firms have issued reports on HEP. Zacks Investment Research upgraded Holly Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 26th. ValuEngine lowered Holly Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.89.

A number of hedge funds have recently modified their holdings of HEP. UBS Group AG raised its holdings in shares of Holly Energy Partners by 5.1% in the first quarter. UBS Group AG now owns 1,800,536 shares of the pipeline company’s stock worth $49,641,000 after buying an additional 87,150 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Holly Energy Partners by 46.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,050 shares of the pipeline company’s stock worth $197,000 after purchasing an additional 1,927 shares in the last quarter. Bollard Group LLC boosted its position in shares of Holly Energy Partners by 1.9% in the 1st quarter. Bollard Group LLC now owns 222,460 shares of the pipeline company’s stock worth $6,133,000 after purchasing an additional 4,146 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Holly Energy Partners by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 784,021 shares of the pipeline company’s stock worth $21,616,000 after acquiring an additional 36,192 shares during the last quarter. Finally, Green Square Capital LLC raised its stake in shares of Holly Energy Partners by 27.8% during the 1st quarter. Green Square Capital LLC now owns 85,216 shares of the pipeline company’s stock valued at $2,349,000 after buying an additional 18,545 shares during the last quarter. Institutional investors and hedge funds own 32.02% of the company’s stock.

HEP stock traded down $0.04 during trading on Thursday, hitting $31.53. The company had a trading volume of 106,400 shares, compared to its average volume of 176,720. Holly Energy Partners has a one year low of $26.08 and a one year high of $36.02. The stock has a market capitalization of $3.44 billion, a PE ratio of 18.03 and a beta of 0.94. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.12 and a quick ratio of 1.12.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Investors of record on Monday, July 30th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, July 27th. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.66. This represents a $2.64 dividend on an annualized basis and a yield of 8.37%. Holly Energy Partners’s dividend payout ratio is presently 150.00%.

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.

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