Today’s 13GD Filing: Learn Why Energy Income Partners Just Purchased Holly Energy Partners Lp Stake?

Today's 13GD Filing: Learn Why Energy Income Partners Just Purchased Holly Energy Partners Lp Stake?

The New Energy Income Partners Holding in Holly Energy Partners Lp

Energy Income Partners filed with the SEC SC 13G/A form for Holly Energy Partners Lp. The form can be accessed here: 000114420416134204. As reported in Energy Income Partners’s form, the filler as of late owns 10.6% or 6,245,204 shares of the Energy–company.

Holly Energy Partners Lp stake is a new one for the for the hedge fund and it was filed because of activity on October 31, 2016. We feel this shows Energy Income Partners’s positive view for the stock. For a hedge fund managing $4.12 billion in assets and having 13+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Energy Income Partners’s US equities portfolio is in this sector.

Holly Energy Partners Lp Institutional Sentiment

Latest Security and Exchange filings show 83 investors own Holly Energy Partners Lp. The institutional ownership in Q3 2015 is high, at 40.47% of the outstanding shares. This is decreased by 670405 the total institutional shares. 24025507 were the shares owned by these institutional investors. In total 13 funds opened new Holly Energy Partners Lp stakes, 18 increased stakes. There were 16 that closed positions and 35 reduced them.

Bollard Group Llc is an institutional investor bullish on Holly Energy Partners Lp, owning 180570 shares as of Q3 2015 for 0.43% of its portfolio. Harvest Fund Advisors Llc owns 1141939 shares or less than 0.01% of its portfolio. OK Pinnacle Holdings Llc have less than 0.01% of their stock portfolio for 79061 shares. Further, Tortoise Capital Advisors Llc reported stake worth 0.49% of its US stock portfolio. The CT Energy Income Partners Llc owns 3411574 shares. Holly Energy Partners Lp is 2.28% of the manager’s US portfolio.

Business Profile

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.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Energy Income Partners website.

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.22, from 0.91 in 2016Q1. The ratio increased, as 16 funds sold all Holly Energy Partners, L.P. shares owned while 24 reduced positions. 12 funds bought stakes while 33 increased positions. They now own 22.33 million shares or 4.96% less from 23.50 million shares in 2016Q1.

Manufacturers Life Ins The has 1,658 shares for 0% of their US portfolio. Monetary Mgmt last reported 0.09% of its portfolio in the stock. Ladenburg Thalmann Fincl Incorporated reported 5,721 shares or 0% of all its holdings. Royal Financial Bank Of Canada holds 16,993 shares or 0% of its portfolio. Morgan Stanley owns 449,607 shares or 0.01% of their US portfolio. The Delaware-based Tiedemann Commerce has invested 2.9% in Holly Energy Partners, L.P. (NYSE:HEP). Murphy Mgmt holds 0.03% or 5,920 shares in its portfolio. Blackrock holds 0% or 5,204 shares in its portfolio. Inv Advsrs Ltd Liability last reported 0.17% of its portfolio in the stock. Cullen Frost Bankers holds 0.03% or 20,840 shares in its portfolio. Moreover, Renaissance Tech Llc has 0.01% invested in Holly Energy Partners, L.P. (NYSE:HEP) for 96,829 shares. Creative Planning accumulated 3,908 shares or 0% of the stock. Estabrook Capital Mngmt, a New York-based fund reported 84 shares. Janney Montgomery Scott Limited Liability Corp accumulated 0.01% or 13,121 shares. Ing Groep Nv reported 100,251 shares or 0.05% of all its holdings.

The stock decreased 0.10% or $0.03 during the last trading session, hitting $30.45. About 90,225 shares traded hands. Holly Energy Partners, L.P. (NYSE:HEP) has declined 10.35% since April 12, 2016 and is downtrending. It has underperformed by 15.34% the S&P500.

Holly Energy Partners, L.P., 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 has a market cap of $1.81 billion. The Firm operates in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. It has a 16.91 P/E ratio. The Company’s assets include pipelines; refined product terminals and refinery tankage, and refinery processing units.

Holly Energy Partners, L.P. (NYSE:HEP) Ratings Coverage

Out of 7 analysts covering Holly Energy Partners (NYSE:HEP), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. $36 is the highest target while $30 is the lowest. The $35.25 average target is 15.76% above today’s ($30.45) stock price. Holly Energy Partners has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TheStreet on Wednesday, August 19. The rating was reinitiated by Goldman Sachs with “Neutral” on Friday, August 26. Piper Jaffray reinitiated Holly Energy Partners, L.P. (NYSE:HEP) on Friday, April 1 with “Overweight” rating. The stock has “Buy” rating given by Goldman Sachs on Friday, March 18. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, August 5. The firm has “Underperform” rating by Raymond James given on Wednesday, April 27. UBS maintained Holly Energy Partners, L.P. (NYSE:HEP) on Friday, September 4 with “Neutral” rating. Howard Weil maintained the stock with “Sector Perform” rating in Tuesday, September 8 report. The stock has “Buy” rating given by Zacks on Friday, August 7.

More recent Holly Energy Partners, L.P. (NYSE:HEP) news were published by: Businesswire.com which released: “Holly Energy Partners, L.P. Reports Third Quarter Results” on November 02, 2016. Also Businesswire.com published the news titled: “Holly Energy Partners Announces Acquisition of Interest in Cheyenne Pipeline” on June 06, 2016. Fool.com‘s news article titled: “Holly Energy Partners Is a Fantastic Buy Today” with publication date: January 28, 2016 was also an interesting one.

According to Zacks Investment Research, “Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah.”

HEP Company Profile

Holly Energy Partners, L.P., (HEP), incorporated on March 9, 2004, is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals and loading rack facilities. The Firm 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 Firm owns and operates petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that support the refining and marketing activities 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.

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