Holly Energy Partners, L.P. (HEP) Shares Bought by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. grew its stake in shares of Holly Energy Partners, L.P. (NYSE:HEP) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,811 shares of the pipeline company’s stock after purchasing an additional 13,997 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.22% of Holly Energy Partners, L.P. worth $4,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Penserra Capital Management LLC increased its holdings in shares of Holly Energy Partners, L.P. by 424.8% in the 2nd quarter. Penserra Capital Management LLC now owns 3,831 shares of the pipeline company’s stock valued at $123,000 after acquiring an additional 3,101 shares during the period. Creative Planning increased its stake in Holly Energy Partners, L.P. by 17.0% in the 2nd quarter. Creative Planning now owns 5,378 shares of the pipeline company’s stock valued at $175,000 after buying an additional 782 shares during the period. Envestnet Asset Management Inc. increased its stake in Holly Energy Partners, L.P. by 72.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,421 shares of the pipeline company’s stock valued at $194,000 after buying an additional 2,286 shares during the period. BNP Paribas Arbitrage SA acquired a new position in Holly Energy Partners, L.P. in the 1st quarter valued at $211,000. Finally, Proficio Capital Partners LLC acquired a new position in Holly Energy Partners, L.P. in the 1st quarter valued at $218,000. 46.20% of the stock is currently owned by institutional investors.

HEP has been the topic of several recent research reports. BidaskClub cut shares of Holly Energy Partners, L.P. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered shares of Holly Energy Partners, L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. Finally, Scotiabank set a $34.00 price objective on shares of Holly Energy Partners, L.P. and gave the stock a “hold” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has a consensus rating of “Sell” and a consensus price target of $37.00.

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Holly Energy Partners, L.P. (HEP) traded down 0.69% during mid-day trading on Tuesday, reaching $34.46. 37,619 shares of the company were exchanged. The company has a market cap of $2.22 billion, a P/E ratio of 28.57 and a beta of 0.87. Holly Energy Partners, L.P. has a 12 month low of $29.53 and a 12 month high of $38.09. The stock’s 50-day moving average is $32.74 and its 200-day moving average is $33.79.

Holly Energy Partners, L.P. (NYSE:HEP) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.12. Holly Energy Partners, L.P. had a net margin of 34.06% and a return on equity of 34.14%. The company had revenue of $109.14 million during the quarter, compared to the consensus estimate of $113.12 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. Equities analysts expect that Holly Energy Partners, L.P. will post $1.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a $0.6325 dividend. This is an increase from Holly Energy Partners, L.P.’s previous quarterly dividend of $0.62. This represents a $2.53 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend was Thursday, August 3rd. Holly Energy Partners, L.P.’s payout ratio is currently 207.38%.

Holly Energy Partners, L.P. 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.

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Institutional Ownership by Quarter for Holly Energy Partners, L.P. (NYSE:HEP)

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