News coverage about Holly Energy Partners (NYSE:HEP) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Holly Energy Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.1055022875569 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Holly Energy Partners from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, November 3rd. UBS Group cut Holly Energy Partners from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, November 3rd. Goldman Sachs Group cut Holly Energy Partners from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Monday, December 18th. Wells Fargo & Co lowered their price target on Holly Energy Partners from $35.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 20th. Finally, Scotiabank set a $34.00 price target on Holly Energy Partners and gave the company a “hold” rating in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.11.

Shares of Holly Energy Partners (NYSE:HEP) opened at $30.42 on Wednesday. Holly Energy Partners has a 1-year low of $28.48 and a 1-year high of $37.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $3,020.63, a P/E ratio of 19.63, a P/E/G ratio of 7.83 and a beta of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be issued a $0.65 dividend. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.65. This represents a $2.60 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Friday, February 2nd. Holly Energy Partners’s payout ratio is 167.74%.

In related news, Director Michael Jennings sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $32.51, for a total value of $130,040.00. Following the completion of the sale, the director now directly owns 22,978 shares in the company, valued at approximately $747,014.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

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Holly Energy Partners Company 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.

Insider Buying and Selling by Quarter for Holly Energy Partners (NYSE:HEP)

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