Spirit Of America Management Corpny buys $8,636,934 stake in Holly Energy Partners L.P. (HEP)

Holly Energy Partners L.P. (HEP) : Spirit Of America Management Corpny scooped up 6,900 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 Oct 14, 2016. The investment management firm now holds a total of 260,227 shares of Holly Energy Partners L.P. which is valued at $8,636,934.Holly Energy Partners L.P. makes up approximately 1.14% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HEP in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 716 shares of Holly Energy Partners L.P. which is valued at $24,280. Weaver C. Barksdale Associates added HEP to its portfolio by purchasing 29,427 company shares during the most recent quarter which is valued at $1,009,346. Holly Energy Partners L.P. makes up approx 1.73% of Weaver C. Barksdale Associates’s portfolio.Creative Planning boosted its stake in HEP in the latest quarter, The investment management firm added 862 additional shares and now holds a total of 4,770 shares of Holly Energy Partners L.P. which is valued at $163,611. Cutler Group Lp added HEP to its portfolio by purchasing 6,995 company shares during the most recent quarter which is valued at $242,587. Holly Energy Partners L.P. makes up approx 0.01% of Cutler Group Lp’s portfolio. Simplex Trading added HEP to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $929.

Holly Energy Partners L.P. closed down -0.72 points or -2.12% at $33.19 with 77,600 shares getting traded on Friday. Post opening the session at $33.95, the shares hit an intraday low of $33.13 and an intraday high of $34.27 and the price fluctuated in this range throughout the day.Shares ended Friday 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 HFC’s 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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