Holly Energy Partners L.P. (HEP) : Advocacy Wealth Management Services reduced its stake in Holly Energy Partners L.P. by 45.63% during the most recent quarter end. The investment management company now holds a total of 7,211 shares of Holly Energy Partners L.P. which is valued at $258,659 after selling 6,051 shares in Holly Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Holly Energy Partners L.P. makes up approximately 0.13% of Advocacy Wealth Management Services’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in HEP in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 3,908 shares of Holly Energy Partners L.P. which is valued at $139,555.Spirit Of America Management Corpny boosted its stake in HEP in the latest quarter, The investment management firm added 76,139 additional shares and now holds a total of 253,327 shares of Holly Energy Partners L.P. which is valued at $8,795,513. Holly Energy Partners L.P. makes up approx 1.30% of Spirit Of America Management Corpny’s portfolio.
Holly Energy Partners L.P. opened for trading at $35.6 and hit $36.099 on the upside on Monday, eventually ending the session at $35.87, with a gain of 0.87% or 0.31 points. The heightened volatility saw the trading volume jump to 85,176 shares. Company has a market cap of $2,104 M.
On the company’s financial health, Holly Energy Partners L.P. reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.45. The company had revenue of $102.00 million for the quarter, compared to analysts expectations of $97.02 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Holly Energy Partners L.P.. Holly Energy Partners L.P. was Downgraded by Raymond James to ” Underperform” on Apr 27, 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.