Holly Energy Partners L.P. (HEP) : Tiedemann Trust Co added new position in Holly Energy Partners L.P. during the most recent quarter end. The investment management firm now holds 452,803 shares of Holly Energy Partners L.P. which is valued at $15,042,116 , the company said in a statement filed on Aug 12, 2016 with the SEC.Holly Energy Partners L.P. makes up approximately 2.85% of Tiedemann Trust Co’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies added HEP to its portfolio by purchasing 96,829 company shares during the most recent quarter which is valued at $3,216,659. Holly Energy Partners L.P. makes up approx 0.01% of Renaissance Technologies’s portfolio.Eaton Vance Management reduced its stake in HEP by selling 1,286 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 99,282 shares of HEP which is valued at $3,348,782. Holly Energy Partners L.P. makes up approx 0.01% of Eaton Vance Management’s portfolio. First Personal Financial Services added HEP to its portfolio by purchasing 312 company shares during the most recent quarter which is valued at $10,845.Advisors Asset Management boosted its stake in HEP in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 27,790 shares of Holly Energy Partners L.P. which is valued at $937,357. Holly Energy Partners L.P. makes up approx 0.01% of Advisors Asset Management’s portfolio.First Trust Advisors Lp boosted its stake in HEP in the latest quarter, The investment management firm added 48,925 additional shares and now holds a total of 205,155 shares of Holly Energy Partners L.P. which is valued at $6,997,837. Holly Energy Partners L.P. makes up approx 0.02% of First Trust Advisors Lp’s portfolio.
Holly Energy Partners L.P. opened for trading at $32.11 and hit $32.53 on the upside on Monday, eventually ending the session at $32.3, with a gain of 0.97% or 0.31 points. The heightened volatility saw the trading volume jump to 1,88,331 shares. Company has a market cap of $1,909 M.
On the company’s financial health, Holly Energy Partners L.P. reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.43. The company had revenue of $94.90 million for the quarter, compared to analysts expectations of $96.61 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on Holly Energy Partners L.P.. Holly Energy Partners L.P. was Resumed by Goldman to “Neutral” on Aug 26, 2016.
Holly Energy Partners L.P. (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines storage tanks distribution terminals and loading rack facilities. The Company operates in West Texas New Mexico Utah Nevada Oklahoma Wyoming Kansas Arizona Idaho and Washington. Holly Logistic Services L.L.C. (HLS) is a subsidiary of HollyFrontier Corporation (HFC) which is the partner of the general partner of HEP and manages HEP. It owns and operates petroleum product and crude pipelines and terminal tankage and loading rack facilities that support HFCs refining and marketing operations in the Mid-Continent Southwest and Rocky Mountain regions and Alon USA Inc.s refinery in Big Spring Texas. Additionally the Company has interest in UNEV Pipeline LLC (UNEV) which owns a 427-mile 12-inch refined products pipeline running from Woods Cross Utah to Las Vegas Nevada product terminals near Cedar City Utah and Las Vegas Nevada and assets.