Holly Energy Partners, L.P. (NYSE:HEP) Getting Somewhat Favorable Press Coverage, Report Finds

Press coverage about Holly Energy Partners, L.P. (NYSE:HEP) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Holly Energy Partners, L.P. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 47.0565501181214 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

• Holly Energy Partners, LP (NYSE:HEP) Trading Volume Significantly Higher – First News 24 (firstnewspaper24.com)
• Holly Energy Partners, LP (NYSE:HEP) Raises Dividend to $0.63 Per Share (techkenyot.com)
• Holly Energy Partners, LP (NYSE:HEP), GameStop Corp. (NYSE:GME): How Do These Stocks Score in Terms of Value? – Evergreen Caller (evergreencaller.com)
• The BidaskClub Downgrades Holly Energy Partners, LP (HEP) to Sell (overnewsmagazine.com)
• Holly Energy Partners LP (HEP) Ichimoku Levels Indicate Positive Trend – Sheridan Daily (sheridandaily.com)

Holly Energy Partners, L.P. (NYSE HEP) traded up 0.26% during trading on Friday, reaching $34.46. 162,286 shares of the company traded hands. The firm’s 50 day moving average price is $33.00 and its 200 day moving average price is $34.63. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 28.69 and a beta of 0.86. Holly Energy Partners, L.P. has a 12-month low of $29.53 and a 12-month high of $38.09.

Holly Energy Partners, L.P. (NYSE:HEP) last announced its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.12. The firm had revenue of $109.14 million during the quarter, compared to the consensus estimate of $113.12 million. Holly Energy Partners, L.P. had a return on equity of 34.14% and a net margin of 34.06%. Holly Energy Partners, L.P.’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Equities research analysts expect that Holly Energy Partners, L.P. will post $1.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.6325 dividend. This represents a $2.53 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. Holly Energy Partners, L.P.’s dividend payout ratio (DPR) is 207.38%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Holly Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Scotiabank reissued a “hold” rating and issued a $34.00 price objective on shares of Holly Energy Partners, L.P. in a research note on Thursday, April 27th. BidaskClub cut shares of Holly Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Bank of America Corporation cut shares of Holly Energy Partners, L.P. from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $39.00 to $36.00 in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Holly Energy Partners, L.P. presently has a consensus rating of “Hold” and an average target price of $36.75.

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Holly Energy Partners, L.P. 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.