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Holly Energy Partners upgraded to Overweight from Underweight at JPMorgan » 08:43
08/27/20
08/27
08:43
08/27/20
08:43
HEP

Holly Energy Partners

$14.37 /

-0.2 (-1.37%)

JPMorgan analyst Joseph…

JPMorgan analyst Joseph Martoglio double upgraded Holly Energy Partners to Overweight from Underweight with a price target of $20, up from $17. While Holly's distribution reduction "was a tough pill to swallow" for unitholders, the enhanced coverage positions the partnership with greater distribution security and a clearer path to reducing leverage over time, Martoglio tells investors in a research note. The analyst believes this could lead to "positive rerating" on the shares.

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HEP Holly Energy Partners
$14.37 /

-0.2 (-1.37%)

HEP Holly Energy Partners
$14.37 /

-0.2 (-1.37%)

07/20/20 Jefferies
Holly Energy Partners upgraded to Buy at Jefferies following pullback
07/20/20 Jefferies
Holly Energy Partners upgraded to Buy from Hold at Jefferies
06/23/20 Jefferies
DCP Midstream, Phillips 66 and Holly Energy Partners cut to Hold at Jefferies
06/23/20 Jefferies
Holly Energy Partners downgraded to Hold from Buy at Jefferies
HEP Holly Energy Partners
$14.37 /

-0.2 (-1.37%)

Earnings
Holly Energy Partners reports Q2 adjusted EPS 40c, consensus 29c » 06:39
08/05/20
08/05
06:39
08/05/20
06:39
HEP

Holly Energy Partners

$13.47 /

+0.18 (+1.35%)

Reports Q2 revenue $,…

Reports Q2 revenue $, consensus $104.98M. CEO Michael Jennings stated, "As the COVID-19 pandemic continues, HEP remains focused on the health and safety of our employees, communities, and contractors and committed to safe and reliable operations. Despite the challenging economic conditions, our stable and secure cash flows, supported by minimum volume commitment contracts across our asset base, continue to highlight the strength of HEP's business model. Looking forward, we are optimistic that the recent improvements we have seen in demand for refined products will continue through the second half of 2020 and drive continued improvement in our volumes."

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HEP Holly Energy Partners
$13.47 /

+0.18 (+1.35%)

HEP Holly Energy Partners
$13.47 /

+0.18 (+1.35%)

07/20/20 Jefferies
Holly Energy Partners upgraded to Buy at Jefferies following pullback
07/20/20 Jefferies
Holly Energy Partners upgraded to Buy from Hold at Jefferies
06/23/20 Jefferies
DCP Midstream, Phillips 66 and Holly Energy Partners cut to Hold at Jefferies
06/23/20 Jefferies
Holly Energy Partners downgraded to Hold from Buy at Jefferies
HEP Holly Energy Partners
$13.47 /

+0.18 (+1.35%)

Upgrade
Holly Energy Partners upgraded to Buy at Jefferies following pullback » 08:07
07/20/20
07/20
08:07
07/20/20
08:07
HEP

Holly Energy Partners

$13.01 /

-0.17 (-1.29%)

As previously reported,…

As previously reported, Jefferies analyst Christopher Sighinolfi upgraded Holly Energy Partners to Buy from Hold with an unchanged price target of $17. Refiners' shares are off sharply from their June highs and he sees value "abounding" given expectations for a trough in Q2, said Sighinolfi, who notes that daily gasoline demand had continued "its impressive recovery off early-April lows" as we move further into the summer driving season.

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HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

07/20/20 Jefferies
Holly Energy Partners upgraded to Buy from Hold at Jefferies
06/23/20 Jefferies
DCP Midstream, Phillips 66 and Holly Energy Partners cut to Hold at Jefferies
06/23/20 Jefferies
Holly Energy Partners downgraded to Hold from Buy at Jefferies
05/21/20 US Capital Advisors
Holly Energy Partners upgraded to Overweight from Hold at US Capital Advisors
HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

Upgrade
Holly Energy Partners upgraded to Buy from Hold at Jefferies » 05:22
07/20/20
07/20
05:22
07/20/20
05:22
HEP

Holly Energy Partners

$13.01 /

-0.17 (-1.29%)

Jefferies analyst…

Jefferies analyst Christopher Sighinolfi upgraded Holly Energy Partners to Buy from Hold with a $17 price target.

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HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

06/23/20 Jefferies
DCP Midstream, Phillips 66 and Holly Energy Partners cut to Hold at Jefferies
06/23/20 Jefferies
Holly Energy Partners downgraded to Hold from Buy at Jefferies
05/21/20 US Capital Advisors
Holly Energy Partners upgraded to Overweight from Hold at US Capital Advisors
04/27/20 Raymond James
Holly Energy Partners double upgraded to Outperform at Raymond James
HEP Holly Energy Partners
$13.01 /

-0.17 (-1.29%)

Over a quarter ago
Downgrade
DCP Midstream, Phillips 66 and Holly Energy Partners cut to Hold at Jefferies » 06:52
06/23/20
06/23
06:52
06/23/20
06:52
DCP

DCP Midstream

$13.52 /

+0.6 (+4.64%)

, HEP

Holly Energy Partners

$16.38 /

-0.55 (-3.25%)

, PSX

Phillips 66

$74.44 /

-0.27 (-0.36%)

As previously reported,…

As previously reported, Jefferies analyst Christopher Sighinolfi downgraded DCP Midstream (DCP) to Hold from Buy with a $13.50 price target, cut Holly Energy Partners (HEP) to Hold from Buy with a $17 price target and downgraded Phillips 66 (PSX) to Hold from Buy with a $78 price target. As concerns about physical U.S. crude oil storage limits have receded, the stocks have seen sharp recoveries off their March lows, the analyst noted. However, his concern is now that the liquids storage glut has not been eliminated, but just shifted to the product market as U.S. demand has been insufficient to clear refinery output. High inventories will likely keep a lid on refinery utilization in the second half of the year, especially if export demand remains low, the analyst added.

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PSX Phillips 66
$74.44 /

-0.27 (-0.36%)

HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

DCP DCP Midstream
$13.52 /

+0.6 (+4.64%)

DCP DCP Midstream
$13.52 /

+0.6 (+4.64%)

06/23/20 Jefferies
DCP Midstream downgraded to Hold from Buy at Jefferies
05/04/20 Mizuho
DCP Midstream price target lowered to $10 from $24 at Mizuho
04/27/20 UBS
DCP Midstream downgraded to Sell from Neutral at UBS
04/02/20 Credit Suisse
DCP Midstream downgraded to Neutral from Outperform at Credit Suisse
HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

06/23/20 Jefferies
Holly Energy Partners downgraded to Hold from Buy at Jefferies
05/21/20 US Capital Advisors
Holly Energy Partners upgraded to Overweight from Hold at US Capital Advisors
04/27/20 Raymond James
Holly Energy Partners double upgraded to Outperform at Raymond James
04/27/20 Raymond James
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James
PSX Phillips 66
$74.44 /

-0.27 (-0.36%)

06/23/20 Jefferies
Phillips 66 downgraded to Hold from Buy at Jefferies
05/21/20 US Capital Advisors
Phillips 66 downgraded to Overweight from Buy at US Capital Advisors
05/13/20 Wolfe Research
Phillips 66 downgraded to Peer Perform from Outperform at Wolfe Research
05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
PSX Phillips 66
$74.44 /

-0.27 (-0.36%)

HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

DCP DCP Midstream
$13.52 /

+0.6 (+4.64%)

PSX Phillips 66
$74.44 /

-0.27 (-0.36%)

PSX Phillips 66
$74.44 /

-0.27 (-0.36%)

DCP DCP Midstream
$13.52 /

+0.6 (+4.64%)

Downgrade
Holly Energy Partners downgraded to Hold from Buy at Jefferies » 04:46
06/23/20
06/23
04:46
06/23/20
04:46
HEP

Holly Energy Partners

$16.38 /

-0.55 (-3.25%)

Jefferies analyst…

Jefferies analyst Christopher Sighinolfi downgraded Holly Energy Partners to Hold from Buy with a $17 price target.

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HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

05/21/20 US Capital Advisors
Holly Energy Partners upgraded to Overweight from Hold at US Capital Advisors
04/27/20 Raymond James
Holly Energy Partners double upgraded to Outperform at Raymond James
04/27/20 Raymond James
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
HEP Holly Energy Partners
$16.38 /

-0.55 (-3.25%)

Upgrade
Holly Energy Partners upgraded to Overweight from Hold at US Capital Advisors » 09:27
05/21/20
05/21
09:27
05/21/20
09:27
HEP

Holly Energy Partners

$15.45 /

+0.07 (+0.46%)

US Capital Advisors…

US Capital Advisors analyst Shneur Gershuni upgraded Holly Energy Partners to Overweight from Hold.

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HEP Holly Energy Partners
$15.45 /

+0.07 (+0.46%)

HEP Holly Energy Partners
$15.45 /

+0.07 (+0.46%)

04/27/20 Raymond James
Holly Energy Partners double upgraded to Outperform at Raymond James
04/27/20 Raymond James
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
HEP Holly Energy Partners
$15.45 /

+0.07 (+0.46%)

Earnings
Holly Energy Partners reports Q1 EPS ex-items 48c, consensus 44c » 06:36
05/06/20
05/06
06:36
05/06/20
06:36
HEP

Holly Energy Partners

$13.75 /

-0.165 (-1.19%)

Reports Q1 revenue…

Reports Q1 revenue $127.9M, consensus $134.41M. Q1 EPS ex-items excludes a charge of $25.9M related to the early redemption of previously outstanding $500M aggregate principal amount of 6.0% senior notes. CEO Michael Jennings stated, "HEP delivered solid Q1 results, supported by safe and reliable operations and continued strength in both our crude and refined product transportation and storage systems. Additionally, HEP has changed its distribution strategy to allow for long-term financial strength and flexibility. The new distribution rate will allow HEP to retain an additional $130M per year, which will be utilized to fully fund capital expenditures as well as reduce leverage."

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HEP Holly Energy Partners
$13.75 /

-0.165 (-1.19%)

04/27/20 Raymond James
Holly Energy Partners double upgraded to Outperform at Raymond James
04/27/20 Raymond James
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
Upgrade
Holly Energy Partners double upgraded to Outperform at Raymond James » 07:24
04/27/20
04/27
07:24
04/27/20
07:24
HEP

Holly Energy Partners

$12.95 /

-0.695 (-5.09%)

Raymond James analyst…

Raymond James analyst Justin Jenkins double upgraded Holly Energy Partners to Outperform from Underperform with an $18 price target, citing its defensive positioning and improved financial outlook. In a research note to investors, Jenkins says Holly Energy Partners has historically been one of the most stable MLPs in his coverage, with high levels of secure cash flow mostly derived from its investment grade parent. The partnership's prudent action of reducing its distribution should shore up its balance sheet and improve financial flexibility, while providing better long-term clarity, Jenkins adds.

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HEP Holly Energy Partners
$12.95 /

-0.695 (-5.09%)

04/27/20 Raymond James
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/21/20 Credit Suisse
Holly Energy Partners upgraded to Neutral from Underperform at Credit Suisse
Upgrade
Holly Energy Partners upgraded to Outperform from Underperform at Raymond James » 07:22
04/27/20
04/27
07:22
04/27/20
07:22
HEP

Holly Energy Partners

$12.95 /

-0.695 (-5.09%)

Raymond James analyst…

Raymond James analyst Justin Jenkins upgraded Holly Energy Partners to Outperform from Underperform with an $18 price target.

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HEP Holly Energy Partners
$12.95 /

-0.695 (-5.09%)

04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/27/20 Barclays
Holly Energy Partners upgraded to Equal Weight from Underweight at Barclays
04/21/20 Credit Suisse
Holly Energy Partners upgraded to Neutral from Underperform at Credit Suisse
03/26/20 Jefferies
Jefferies cuts Midstream & Refining estimates, but upgrades 5 'attractive' names

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