Large Inflow of Money Witnessed in Holly Energy Partners L.P.

Holly Energy Partners L.P. (NYSE:HEP): $0.05 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 15.85. The value of trades done on upticks was $0.06 million, whereas, trades done on downticks were valued at $0 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.01 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.01 million. Holly Energy Partners L.P. (NYSE:HEP) fell $0.26 traded at $34.72, a change of -0.74% over the previous day. The stock is 0.58% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Holly Energy Partners Lp, Jennings Michael had purchased shares worth of $499,950 in a transaction dated on March 29, 2016. A total of 15,000 shares were purchased at a price of $33.33 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 0.8% of Holly Energy Partners L.P. shares according to the proxy statements. Institutional Investors own 41.85% of Holly Energy Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 327.83%.

The company shares have rallied 1.39% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $36.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $33.70 and the 200 Day Moving Average price is recorded at $31.03. Holly Energy Partners L.P. (NYSE:HEP): The stock opened at $35.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.61 for the day. The stock traded down to $34.72 during the day, due to lack of any buying support eventually closed down at $34.85 with a loss of -0.37% for the day. The stock had closed at $34.98 on the previous day. The total traded volume was 37,780 shares.

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.

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