Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.
Share Price & News
How has Holly Energy Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HEP has not had significant price volatility in the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: HEP exceeded the US Oil and Gas industry which returned -27.5% over the past year.
Return vs Market: HEP underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Holly Energy Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StWho Owns Holly Energy Partners LP (NYSE:HEP)?
1 year ago | Simply Wall StShould You Buy Holly Energy Partners LP (NYSE:HEP) At This PE Ratio?
1 year ago | Simply Wall StWhy Holly Energy Partners LP (NYSE:HEP) Should Be Your Next Investment
Is Holly Energy Partners undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HEP ($21.91) is trading below our estimate of fair value ($31.01)
Significantly Below Fair Value: HEP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HEP is poor value based on its PE Ratio (10.3x) compared to the Oil and Gas industry average (9.1x).
PE vs Market: HEP is good value based on its PE Ratio (10.3x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: HEP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HEP is overvalued based on its PB Ratio (6.1x) compared to the US Oil and Gas industry average (0.8x).
How is Holly Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEP's earnings are forecast to decline over the next 3 years (-2.4% per year).
Earnings vs Market: HEP's earnings are forecast to decline over the next 3 years (-2.4% per year).
High Growth Earnings: HEP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HEP's revenue (0.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HEP's revenue (0.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEP's Return on Equity is forecast to be very high in 3 years time (87.5%).
How has Holly Energy Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEP has high quality earnings.
Growing Profit Margin: HEP's current net profit margins (42.2%) are higher than last year (35.3%).
Past Earnings Growth Analysis
Earnings Trend: HEP's earnings have grown significantly by 24.2% per year over the past 5 years.
Accelerating Growth: HEP's earnings growth over the past year (25.7%) exceeds its 5-year average (24.2% per year).
Earnings vs Industry: HEP earnings growth over the past year (25.7%) exceeded the Oil and Gas industry -18.9%.
Return on Equity
High ROE: Whilst HEP's Return on Equity (43.39%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Holly Energy Partners's financial position?
Financial Position Analysis
Short Term Liabilities: HEP's short term assets ($89.4M) exceed its short term liabilities ($68.6M).
Long Term Liabilities: HEP's short term assets ($89.4M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: HEP's debt to equity ratio (272.2%) is considered high.
Reducing Debt: HEP's debt to equity ratio has increased from 182.4% to 272.2% over the past 5 years.
Debt Coverage: HEP's debt is well covered by operating cash flow (20.3%).
Interest Coverage: HEP's interest payments on its debt are well covered by EBIT (3.7x coverage).
Inventory Level: HEP has a high level of physical assets or inventory.
Debt Coverage by Assets: HEP's debt is not covered by short term assets (assets are 0.1x debt).
What is Holly Energy Partners's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HEP's dividend (12.28%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: HEP's dividend (12.28%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: HEP's dividends per share have been stable in the past 10 years.
Growing Dividend: HEP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (126%), HEP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HEP's dividends in 3 years are not forecast to be well covered by earnings (131.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Jennings (53yo)
Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2020. Mr. Jennings serves as Chief Executive Officer at Holly Logi ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD280.02K) is below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|Chairman & CEO of Holly Logistic Services LLC||0.08yrs||US$280.02k||0.018% $413.5k|
|President of Holly Logistic Services LLC||0.08yrs||US$620.99k||0.0065% $149.2k|
|Senior Vice President of Operations & Engineering - Holly Logistic Services||2.1yrs||US$872.80k||0.054% $1.3m|
|Senior VP||0.5yrs||US$229.99k||no data|
|Senior VP||0.08yrs||no data||no data|
|Director of Investor Relations||0yrs||no data||no data|
|Vice President and Controller of Holly Logistic Services LLC||5.9yrs||no data||0.031% $724.5k|
|Executive of Investor Relations||0yrs||no data||no data|
|Investor Relations Officer||0yrs||no data||no data|
Experienced Management: HEP's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Chairman & CEO of Holly Logistic Services LLC||0.08yrs||US$280.02k||0.018% $413.5k|
|Independent Director of Holly Logistic Services LLC||2.3yrs||US$205.02k||0.014% $315.6k|
|Independent Director of Holly Logistic Services LLC||1.9yrs||US$230.02k||0.0073% $168.0k|
|Independent Director of Holly Logistic Services LLC||1.9yrs||US$205.02k||0.0092% $211.6k|
|Presiding Director of Holly Logistic Services LLC||0yrs||US$230.02k||0.013% $304.0k|
Experienced Board: HEP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Holly Energy Partners, L.P.'s company bio, employee growth, exchange listings and data sources
- Name: Holly Energy Partners, L.P.
- Ticker: HEP
- Exchange: NYSE
- Founded: 2004
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$2.310b
- Shares outstanding: 105.44m
- Website: https://www.hollyenergy.com
- Holly Energy Partners, L.P.
- 2828 North Harwood
- Suite 1300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HEP||NYSE (New York Stock Exchange)||Yes||Common Units||US||USD||Jul 2004|
|HHN||DB (Deutsche Boerse AG)||Yes||Common Units||DE||EUR||Jul 2004|
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington. It operates through Pipelines and Terminals, and Refinery Processing Units segments. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil. It operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. HEP Logistics Holdings, L.P. serves as the general partner of the company. Holly Energy Partners, L.P. was founded in 2004 and is based in Dallas, Texas. Holly Energy Partners, L.P. operates as a subsidiary of HollyFrontier Corporation
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:31|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.