Streetbeat News

HEP

Holly Energy Partners L.P.

http://www.hollyenergy.com/

CEO

George Damiris

Employees

205

Industry

Pipeline Transportation of Crude Oil

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. 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 oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil. it operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet o

Open

20.65

Mkt cap

2.6B

Volume

17M

High

20.84

P/E Ratio

10.76

52-wk high

23.62

Low

20.33

Div yield

N/A

52-wk low

15.51

HF Sinclair (DINO) and Holly Energy Partners (HEP) have announced the final results of their note exchange and consent solicitations. The details of the transaction, including the acceptance rates and terms, were not disclosed in the provided information.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:41 am

HF Sinclair Corporation (NYSE:DINO) and Holly Energy Partners, L.P. (NYSE:HEP) have announced that their respective stockholders and unitholders have approved the merger transaction. The merger will result in HEP becoming an indirect wholly owned subsidiary of HF Sinclair. The approval was granted at special meetings held by both companies, where HEP unitholders voted for the merger and HF Sinclair stockholders voted for the issuance of new shares as part of the merger agreement.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:56 pm

HF Sinclair Corporation (DINO) and Holly Energy Partners, L.P. (HEP) announced successful early results for their note exchange and consent solicitations. Approximately 97.80% of the outstanding HEP Notes were tendered by the early participation date. Participants will receive an equivalent principal amount of HF Sinclair's Senior Notes due 2027 or 2028 and $1.00 in cash for each $1,000 of HEP Notes tendered.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:34 am

Holly Energy Partners (NYSE:HEP) reported Q3 adjusted earnings of $0.53 per share, beating the analyst consensus estimate of $0.51 by 3.92%. This is an 8.16% increase from the same period last year. The company also reported quarterly sales of $158.36 million, beating the analyst consensus estimate of $155.98 million by 1.53%, a 6.28% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:33 am

Holly Energy Partners (NYSE:HEP) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $0.51. The company's past performance shows a trend of share price increase following earnings reports, even when EPS estimates were missed. The company's shares were trading at $21.25 as of October 31, with a 52-week increase of 16.36%.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:01 pm

Holly Energy Partners (NYSE:HEP) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 35 cents lower. Shareholders who own HEP as of the end of Thursday's session are eligible to receive the dividend. The payout will be made on November 10, 2023.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:45 pm

Raymond James analyst Justin Jenkins has downgraded the ratings of Holly Energy Partners LP (HEP) and Crestwood Equity Partners LP (CEQP) to Market Perform from Outperform due to separate acquisition deals. Crestwood Equity is merging with Energy Transfer LP (ET) for around $7.1 billion, a deal seen as more rewarding for ET. Holly Energy is acquiring HF Sinclair Corporation (DINO) in a deal involving common stock and cash. Both deals are expected to close in Q4 FY23.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 7:30 pm

Over the past three months, four analysts have published their opinions on Holly Energy Partners (NYSE:HEP) stock. The average price target is $20.25, which is lower than the current price of $21.53. The average price target has increased by 9.46% over the past month.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 12:00 pm

Raymond James analyst Justin Jenkins has downgraded Holly Energy Partners (NYSE:HEP) from Outperform to Market Perform and set a price target of $21.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 9:21 am

Citigroup analyst Spiro Dounis maintains a Neutral rating on Holly Energy Partners (NYSE:HEP) and raises the price target from $17 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 2:15 pm

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