Published On: Wed, Oct 19th, 2016

Holly Energy Partners, L.P. (NYSE:HEP) – Broker Update

Below are the most recently updated broker updates which include ratings and price targets for Holly Energy Partners, L.P. (NYSE:HEP).

08/26/2016 – Broker: Goldman Sachs Rating: neutral New Target: 36 reiteration

07/07/2016 – Broker: Barclays Rating: equal weight New Target: 35 reiteration

04/27/2016 – Broker: Raymond James Rating: underperform downgrade

04/01/2016 – Broker: Piper Jaffray Rating: overweight reiteration

04/01/2016 – Broker: Simmons Rating: overweight New Target: 42 reiteration

03/01/2016 – Broker: UBS Rating: buy upgrade

02/17/2016 – Broker: Bank of America Merrill Lynch Rating: buy upgrade

09/08/2015 – Broker: Scotiabank Rating: sector perform New Target: 36 reiteration

07/07/2014 – Broker: Zacks Rating: neutral New Target: 39.7 downgrade

The average price target from the most recent broker reports is 37.74

The stock decreased -0.66% (-0.22) during the last days session, reaching 32.96 and roughly 108269 shares were bought or sold by traders. Holly Energy Partners, L.P. (NYSE:HEP) has increased by +4.83% over 12 months.

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. The Company’s assets include pipelines; refined product terminals and refinery tankage, and refinery processing units. Holly Logistic Services, L.L.C. (HLS) is a subsidiary of HollyFrontier Corporation (HFC), which is the general partner of HEP and manages HEP. The Company owns and operates petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that support the refining and marketing operations of HFC in the Mid-Continent, Southwest and Rocky Mountain regions of the United States and Alon USA, Inc.’s (Alon) refinery in Big Spring, Texas.