Holly Energy Partners (NYSE:HEP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. “

Separately, Barclays restated a “sell” rating on shares of Holly Energy Partners in a research note on Wednesday, February 20th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.60.

Shares of NYSE HEP opened at $28.16 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.75. Holly Energy Partners has a 12 month low of $26.74 and a 12 month high of $34.00. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 16.56 and a beta of 0.78.

Holly Energy Partners (NYSE:HEP) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Holly Energy Partners had a net margin of 35.33% and a return on equity of 32.61%. The business had revenue of $132.80 million for the quarter, compared to analyst estimates of $129.81 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Holly Energy Partners will post 1.76 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of HEP. Alps Advisors Inc. lifted its stake in shares of Holly Energy Partners by 12.5% in the 4th quarter. Alps Advisors Inc. now owns 4,558,080 shares of the pipeline company’s stock valued at $130,179,000 after purchasing an additional 507,846 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Holly Energy Partners by 4.1% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,926,285 shares of the pipeline company’s stock valued at $217,901,000 after purchasing an additional 273,580 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Holly Energy Partners by 574.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,082 shares of the pipeline company’s stock valued at $8,913,000 after purchasing an additional 265,832 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Holly Energy Partners in the 4th quarter valued at $6,187,000. Finally, PFG Advisors acquired a new position in shares of Holly Energy Partners in the 4th quarter valued at $2,355,000. Hedge funds and other institutional investors own 32.26% of the company’s stock.

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.

Further Reading: Fiduciary

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

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.