Holly Energy Partners L.P.(NYSE:HEP) Declares Dividend of $0.5850.

Holly Energy Partners L.P. (NYSE:HEP) had declared a cash dividend of $0.5850 on Jul 22, 2016. The shares will quote ex-dividend on Jul 28, 2016 and the record date has been fixed for Aug 1, 2016. On Jul 22, 2016 share price, the yield comes out to be 6.5418%. The dividend payable date has been fixed on Aug 12, 2016.

In a different note, On Apr 27, 2016, Raymond James said it Downgrades its rating on Holly Energy Partners L.P.. The shares have been rated ‘Underperform’ by the firm.

Holly Energy Partners L.P. (HEP) made into the market gainers list on Thursdays trading session with the shares advancing 0.56% or 0.195 points. Due to strong positive momentum, the stock ended at $35.05, which is also near the day’s high of $35.33. The stock began the session at $35 and the volume stood at 47,503 shares. The 52-week high of the shares is $36.9899 and the 52 week low is $21.4377. The company has a current market capitalization of $2,056 M and it has 5,86,57,048 shares in outstanding.

Holly Energy Partners L.P.(HEP) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $102.01M. Analysts had an estimated revenue of $96.72M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Michael Jennings (CEO) purchased 1,948 shares at $29.25 per share price.Also, On Oct 1, 2015, Kenneth Norwood (VP and Controller) purchased 1,000 shares at $27.44 per share price.On Jun 22, 2015, Mark T. Cunningham (Sr Vice President, Operations) sold 5,000 shares at $36.03 per share price, according to the Form-4 filing with the securities and exchange commission.

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 HFC’s 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.

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