Equities analysts expect Holly Energy Partners, L.P. (NYSE:HEP) to post $129.65 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Holly Energy Partners’ earnings, with the lowest sales estimate coming in at $128.80 million and the highest estimate coming in at $130.50 million. Holly Energy Partners posted sales of $128.88 million in the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Holly Energy Partners will report full year sales of $524.05 million for the current financial year, with estimates ranging from $512.90 million to $531.76 million. For the next fiscal year, analysts expect that the firm will report sales of $537.73 million, with estimates ranging from $519.60 million to $552.86 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Holly Energy Partners.
Holly Energy Partners (NYSE:HEP) last announced its quarterly earnings results on Tuesday, February 19th. The pipeline company reported $0.45 earnings per share (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 firm had revenue of $132.80 million for the quarter, compared to analyst estimates of $129.81 million. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 2.8% compared to the same quarter last year.
Shares of HEP traded down $0.68 during midday trading on Thursday, hitting $28.40. 248,027 shares of the stock traded hands, compared to its average volume of 188,530. Holly Energy Partners has a 1-year low of $26.08 and a 1-year high of $34.00. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 16.71 and a beta of 0.82. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.46 and a current ratio of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 4th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 1st. This represents a $2.67 annualized dividend and a yield of 9.40%. This is an increase from Holly Energy Partners’s previous quarterly dividend of $0.67. Holly Energy Partners’s dividend payout ratio is presently 157.06%.
Hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC acquired a new stake in Holly Energy Partners in the fourth quarter worth about $39,000. Arlington Partners LLC acquired a new stake in Holly Energy Partners in the fourth quarter worth about $43,000. Bank of Montreal Can acquired a new stake in Holly Energy Partners in the third quarter worth about $122,000. Northern Oak Wealth Management Inc. lifted its holdings in Holly Energy Partners by 80.6% in the third quarter. Northern Oak Wealth Management Inc. now owns 5,600 shares of the pipeline company’s stock worth $176,000 after purchasing an additional 2,500 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Holly Energy Partners in the third quarter worth about $207,000. 32.30% of the stock is owned by institutional investors and hedge funds.
About Holly Energy Partners
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.
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