Holly Energy Partners L.P. (HEP) : Advocacy Wealth Management Services scooped up 17,048 additional shares in Holly Energy Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 42,281 shares of Holly Energy Partners L.P. which is valued at $1,475,184.Holly Energy Partners L.P. makes up approximately 0.74% of Advocacy Wealth Management Services’s portfolio.
Holly Energy Partners L.P. opened for trading at $34.96 and hit $35.21 on the upside on Friday, eventually ending the session at $34.89, with a gain of 0.63% or 0.22 points. The heightened volatility saw the trading volume jump to 95,763 shares. Company has a market cap of $2,047 M.
Other Hedge Funds, Including , Dividend Asset Capital reduced its stake in HEP by selling 4,300 shares or 12.28% in the most recent quarter. The Hedge Fund company now holds 30,710 shares of HEP which is valued at $1,071,472. Holly Energy Partners L.P. makes up approx 0.03% of Dividend Asset Capital’s portfolio.Capital Investment Advisors reduced its stake in HEP by selling 3,109 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 51,038 shares of HEP which is valued at $1,669,453. Holly Energy Partners L.P. makes up approx 0.16% of Capital Investment Advisors’s portfolio.Spirit Of America Management Corpny boosted its stake in HEP in the latest quarter, The investment management firm added 175,688 additional shares and now holds a total of 177,188 shares of Holly Energy Partners L.P. which is valued at $5,795,819. Holly Energy Partners L.P. makes up approx 1.03% of Spirit Of America Management Corpny’s portfolio.Creative Planning boosted its stake in HEP in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 3,896 shares of Holly Energy Partners L.P. which is valued at $126,269.
On the company’s financial health, Holly Energy Partners L.P. reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.43. The company had revenue of $97.25 million for the quarter, compared to analysts expectations of $95.56 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Holly Energy Partners L.P.. Holly Energy Partners L.P. was Upgraded by BofA/Merrill to ” Buy” on Feb 17, 2016.
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 and loading rack facilities. The Company operates in West Texas New Mexico Utah Nevada Oklahoma Wyoming Kansas Arizona Idaho and Washington. Holly Logistic Services L.L.C. (HLS) is a subsidiary of HollyFrontier Corporation (HFC) which is the partner of the general partner of HEP and manages HEP. It owns and operates petroleum product and crude pipelines and terminal tankage and loading rack facilities that support HFCs refining and marketing operations in the Mid-Continent Southwest and Rocky Mountain regions and Alon USA Inc.s refinery in Big Spring Texas. Additionally the Company has interest in UNEV Pipeline LLC (UNEV) which owns a 427-mile 12-inch refined products pipeline running from Woods Cross Utah to Las Vegas Nevada product terminals near Cedar City Utah and Las Vegas Nevada and assets.