Jane Street Group LLC bought a new position in Holly Energy Partners, L.P. (NYSE:HEP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,733 shares of the pipeline company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HEP. Advisory Research Inc. boosted its holdings in shares of Holly Energy Partners by 345.5% in the third quarter. Advisory Research Inc. now owns 688,490 shares of the pipeline company’s stock worth $21,660,000 after buying an additional 533,955 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Holly Energy Partners by 4.1% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,926,285 shares of the pipeline company’s stock worth $217,901,000 after purchasing an additional 273,580 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Holly Energy Partners by 6.5% during the third quarter. Alps Advisors Inc. now owns 4,050,234 shares of the pipeline company’s stock worth $127,420,000 after purchasing an additional 247,016 shares during the period. BP Capital Fund Advisors LLC boosted its holdings in shares of Holly Energy Partners by 141.3% during the third quarter. BP Capital Fund Advisors LLC now owns 223,839 shares of the pipeline company’s stock worth $3,193,000 after purchasing an additional 131,090 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Holly Energy Partners during the third quarter worth approximately $2,883,000. Institutional investors own 31.95% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Holly Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday. Scotiabank restated a “hold” rating on shares of Holly Energy Partners in a report on Tuesday, November 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 for the company. ValuEngine upgraded shares of Holly Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Barclays cut shares of Holly Energy Partners from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $30.00 to $28.00 in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.86.

Shares of HEP opened at $29.72 on Friday. The company has a market cap of $3.24 billion, a P/E ratio of 16.89 and a beta of 0.77. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.46 and a current ratio of 1.46. Holly Energy Partners, L.P. has a twelve month low of $26.08 and a twelve month high of $34.00.

Holly Energy Partners (NYSE:HEP) last issued its quarterly earnings data on Tuesday, October 30th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $125.80 million for the quarter, compared to analyst estimates of $125.79 million. Holly Energy Partners had a net margin of 43.25% and a return on equity of 33.48%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. Analysts predict that Holly Energy Partners, L.P. will post 1.7 earnings per share for the current year.

In related news, Director Michael Jennings sold 5,000 shares of the firm’s 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 transaction, the director now owns 18,877 shares of the company’s stock, valued at $544,035.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

WARNING: “12,733 Shares in Holly Energy Partners, L.P. (HEP) Acquired by Jane Street Group LLC” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://theolympiareport.com/2019/01/12/12733-shares-in-holly-energy-partners-l-p-hep-acquired-by-jane-street-group-llc.html.

Holly Energy Partners 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: Municipal Bonds

Want to see what other hedge funds are holding HEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Holly Energy Partners, L.P. (NYSE:HEP).

Institutional Ownership by Quarter 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.