Why Holly Energy Partners LP (NYSE:HEP) Should Be Your Next Investment

Holly Energy Partners LP (NYSE:HEP) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of HEP, it is a notable dividend payer with a a great track record of delivering benchmark-beating performance. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Holly Energy Partners here.

Solid track record average dividend payer

HEP delivered a triple-digit bottom-line expansion over the past couple of years, with its most recent earnings level surpassing its average level over the last five years. The strong earnings growth is reflected in impressive double-digit 35.45% return to shareholders, which paints a buoyant picture for the company.

For those seeking income streams from their portfolio, HEP is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 8.79%, making it one of the best dividend companies in the market.

Next Steps:

For Holly Energy Partners, I've compiled three fundamental factors you should look at:

1. Future Outlook: What are well-informed industry analysts predicting for HEP’s future growth? Take a look at our free research report of analyst consensus for HEP’s outlook.
2. Financial Health: Is HEP’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of HEP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.