Holly Energy Partners LP (HEP)


Price/Share*:

$24.15

Annual Dividend:

$3.02

Dividend Yield:

12.51%

Pay Date:

11/14

Ex-Dividend Date:

11/03

Record Date:

11/05


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Company Profile & Recommendation

Company Profile Company Profile

Holly Energy Partners LP- (HEP)-headquartered in Dallas, Texas, provides petroleum product transportation and terminal services to the petroleum industry, including Holly Corporation, which owns a 46% interest in the Partnership. The Partnership owns and operates crude and product pipelines and terminals in Texas, New Mexico, Oklahoma, Arizona, Washington, Idaho and Utah. In addition, the Partnership owns a 70% interest in Rio Grande Pipeline Company, a transporter of LPGs from West Texas to Northern Mexico. As a Limited Partnership, capital gains are accounted for differently, so please consult with a tax advisor.


* Stock price reflects previous day's closing price. All stock quotes on this website should be considered as having a 24-hour delay.

** Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.