Kenneth Norwood, Vice President of Holly Energy Partner, L.P. (NYSE: HEP) has bought the additional $3500 shares in the company. Vice President now owns 4,3492 shares in the company worth $314,012.24. The shares were purchased at an average price of $7.22 per share, for a total transaction worth $25,270.00.
HEP shares went up 22.33% at the price $13.42 per share during the mid-day trading of Friday. HEP has a trading volume of 12.26 million roughly as compared to its average volume of roughly 761,043. HEP has a total market capitalization of $1.42 billion. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 3.15.
Holly Energy Partners, L.P. has a 52 week low average of $6.57 and a 52 week high of $30.61. Currently, there is 3 sell rating, 2 buy rating, and 1 hold rating which suggests the overall rating of the hold.
HEP has last announced its earnings report on Wednesday and the company has recorded $0.43 earning per share. Institutional investors and hedge funds have recently reduced or added in the company. The purchase of additional shares was revealed in a document of the Security Exchange Commission. ValuEngine upgraded the rating of Holly Energy Partners from a sell to hold rating. In HEP, insider ownership purchases rose to 0.80%.
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. 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.