Holly Energy Partners L.P. (HEP) : Energy Income Partners scooped up 421,217 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 Aug 15, 2016. The investment management firm now holds a total of 4,790,818 shares of Holly Energy Partners L.P. which is valued at $159,150,974.Holly Energy Partners L.P. makes up approximately 3.60% of Energy Income Partners’s portfolio.
Other Hedge Funds, Including , Williams Jones Associates boosted its stake in HEP in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 21,085 shares of Holly Energy Partners L.P. which is valued at $700,444. Holly Energy Partners L.P. makes up approx 0.03% of Williams Jones Associates’s portfolio.Global Endowment Management Lp reduced its stake in HEP by selling 13,070 shares or 61.36% in the most recent quarter. The Hedge Fund company now holds 8,230 shares of HEP which is valued at $273,401. Holly Energy Partners L.P. makes up approx 0.06% of Global Endowment Management Lp’s portfolio.Bronfman E.l. Rothschild reduced its stake in HEP by selling 1,300 shares or 81.25% in the most recent quarter. The Hedge Fund company now holds 300 shares of HEP which is valued at $9,966.Global X Management Co reduced its stake in HEP by selling 196 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 10,494 shares of HEP which is valued at $353,963. Holly Energy Partners L.P. makes up approx 0.02% of Global X Management Co’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in HEP during the most recent quarter. The investment firm sold 22,114 shares of HEP which is valued $754,309.
Holly Energy Partners L.P. closed down -0.24 points or -0.74% at $32.29 with 80,014 shares getting traded on Thursday. Post opening the session at $32.64, the shares hit an intraday low of $32.02 and an intraday high of $32.64 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Holly Energy Partners L.P. reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.43. The company had revenue of $94.90 million for the quarter, compared to analysts expectations of $96.61 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on Holly Energy Partners L.P.. Holly Energy Partners L.P. was Resumed by Goldman to “Neutral” on Aug 26, 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.