Wall Street brokerages forecast that Holly Energy Partners, L.P. (NYSE:HEP) will report $0.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Holly Energy Partners’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.42. Holly Energy Partners posted earnings per share of $0.56 in the same quarter last year, which would suggest a negative year-over-year growth rate of 19.6%. The firm is expected to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that Holly Energy Partners will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.66 to $1.71. For the next financial year, analysts forecast that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.80 to $1.85. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Holly Energy Partners.

Holly Energy Partners (NYSE:HEP) last posted its quarterly earnings data on Tuesday, October 30th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Holly Energy Partners had a net margin of 43.25% and a return on equity of 33.48%. The company had revenue of $125.80 million for the quarter, compared to the consensus estimate of $125.79 million. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year.

Several equities analysts have weighed in on the stock. ValuEngine raised shares of Holly Energy Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays downgraded shares of Holly Energy Partners from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $30.00 to $28.00 in a report on Tuesday, September 25th. Scotiabank reaffirmed a “hold” rating and set a $33.00 price target on shares of Holly Energy Partners in a report on Monday, August 20th. Credit Suisse Group assumed coverage on shares of Holly Energy Partners in a report on Thursday, October 11th. They set a “neutral” rating and a $33.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Holly Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.75.

In other news, Director Michael Jennings sold 5,000 shares of Holly Energy Partners stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $28.82, for a total transaction of $144,100.00. Following the sale, the director now owns 18,877 shares in the company, valued at $544,035.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in Holly Energy Partners by 4.3% in the second quarter. Alps Advisors Inc. now owns 3,435,116 shares of the pipeline company’s stock worth $111,607,000 after purchasing an additional 140,508 shares during the last quarter. Virtu Financial LLC bought a new stake in Holly Energy Partners in the second quarter worth $250,000. First Trust Advisors LP increased its position in Holly Energy Partners by 30.8% in the second quarter. First Trust Advisors LP now owns 239,576 shares of the pipeline company’s stock worth $6,770,000 after purchasing an additional 56,398 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Holly Energy Partners by 1.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,652,705 shares of the pipeline company’s stock worth $188,005,000 after purchasing an additional 73,625 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP bought a new stake in Holly Energy Partners in the second quarter worth $918,000. Hedge funds and other institutional investors own 32.16% of the company’s stock.

NYSE:HEP traded up $0.17 during trading hours on Monday, hitting $28.26. 65,155 shares of the stock traded hands, compared to its average volume of 130,503. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.46 and a quick ratio of 1.46. Holly Energy Partners has a 1 year low of $26.08 and a 1 year high of $34.62. The company has a market capitalization of $2.96 billion, a P/E ratio of 16.06 and a beta of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Stockholders of record on Monday, October 29th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.66 annualized dividend and a dividend yield of 9.41%. This is a boost from Holly Energy Partners’s previous quarterly dividend of $0.66. Holly Energy Partners’s dividend payout ratio (DPR) is presently 151.14%.

Holly Energy Partners Company Profile

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 operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.

Recommended Story: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Holly Energy Partners (HEP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Holly Energy Partners (NYSE:HEP)

Receive News & Ratings for Holly Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.