Holly Energy Partners LP (NYSE:HEP): Stock Institutional Investors Are Bullish About

Sentiment for Holly Energy Partners LP (NYSE:HEP)

Holly Energy Partners LP (NYSE:HEP) institutional sentiment increased to 1.15 in Q1 2019. Its up 0.24, from 0.91 in 2018Q4. The ratio increased, as 39 investment professionals increased or started new stock positions, while 34 decreased and sold equity positions in Holly Energy Partners LP. The investment professionals in our partner’s database now hold: 31.02 million shares, down from 31.98 million shares in 2018Q4. Also, the number of investment professionals holding Holly Energy Partners LP in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 9 Reduced: 25 Increased: 20 New Position: 19.

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing activities of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington. The company has market cap of $3.03 billion. It operates through two divisions, Pipelines and Terminals, and Refinery Processing Units. It has a 16.47 P/E ratio. The firm operates refined product pipelines that transport conventional gasolines, reformulated gasolines, low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils, and gases; crude oil trunk, gathering, and connection pipelines that delivers crude oil.

The stock decreased 0.21% or $0.06 during the last trading session, reaching $28.72. About 122,758 shares traded. Holly Energy Partners, L.P. (NYSE:HEP) has declined 5.42% since July 14, 2018 and is downtrending. It has underperformed by 9.85% the S&P500.

Analysts await Holly Energy Partners, L.P. (NYSE:HEP) to report earnings on August, 7. They expect $0.42 EPS, up 10.53 % or $0.04 from last year’s $0.38 per share. HEP’s profit will be $44.28 million for 17.10 P/E if the $0.42 EPS becomes a reality. After $0.49 actual EPS reported by Holly Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Groesbeck Investment Management Corp Nj holds 2.66% of its portfolio in Holly Energy Partners, L.P. for 129,240 shares. Energy Income Partners Llc owns 5.22 million shares or 2.41% of their US portfolio. Moreover, Mcgowan Group Asset Management Inc. has 1.16% invested in the company for 270,199 shares. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 0.98% in the stock. Alps Advisors Inc, a Colorado-based fund reported 4.34 million shares.

More notable recent Holly Energy Partners, L.P. (NYSE:HEP) news were published by: Gurufocus.com which released: “52-Week Company Lows – GuruFocus.com” on April 07, 2019, also Finance.Yahoo.com with their article: “Is Trinity Industries, Inc. (TRN) A Good Stock To Buy? – Yahoo Finance” published on April 26, 2019, Seekingalpha.com published: “AbbVie And Gilead – 2 Different Strategies To Improve Growth – Seeking Alpha” on June 30, 2019. More interesting news about Holly Energy Partners, L.P. (NYSE:HEP) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Chart Industries, Inc. (GTLS) – Yahoo Finance” published on June 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Valmont Industries, Inc. (VMI) – Yahoo Finance” with publication date: June 19, 2019.

Holly Energy Partners, L.P. (NYSE:HEP) Institutional Positions Chart

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