Economy

Holly Energy Partners, LP (NYSE:HEP) Among Today's Biggest Gainers - Up $1.85

Advisors Asset Management Inc. lowered its position in Holly Energy Partners, L.P. (NYSE:HEP) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Stephens Inc. AR now owns 8,272 shares of the company's stock valued at $399,000 after buying an additional 2,727 shares during the last quarter. About 68.37 million shares traded or 9.80% up from the average. Capital One Financial Corp. Tallgrass Energy Partners LP (TEP) has risen 2.55% since September 10, 2016 and is uptrending. It has a 20.77 P/E ratio. Therefore 65% are positive. The rating was maintained by Credit Suisse with "Hold" on Thursday, June 29. Holly Energy Partners had 16 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with "Buy" rating and $52.0 target in Tuesday, January 5 report. The stock of Tallgrass Energy GP LP (NYSE:TEGP) earned "Outperform" rating by Credit Suisse on Thursday, May 19. The company was maintained on Friday, April 28 by Scotia Capital. On Monday, April 18 the stock rating was upgraded by Deutsche Bank to "Buy". The company was downgraded on Thursday, January 28 by Stifel Nicolaus. They now have a United States dollars 30 price target on the stock. Robert W. Baird upgraded the stock to "Outperform" rating in Friday, May 6 report. Barclays Capital maintained Tallgrass Energy Partners LP (NYSE:TEP) on Monday, May 2 with "Equal-Weight" rating. The company was downgraded on Wednesday, August 12 by Zacks. Five equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $51.36. BNP Paribas Arbitrage SA grew its stake in Tallgrass Energy Partners, by 1.6% during the 2nd quarter. Envestnet Asset reported 1,421 shares or 0% of all its holdings.

05/17/2016 - Tallgrass Energy GP, LP had its "buy" rating reiterated by analysts at Citigroup. 11 funds opened positions while 32 raised stakes. Wells Fargo & Comm Mn owns 172,132 shares. Chicago Partners Investment Group LLC increased its stake in Tallgrass Energy Partners, by 1.5% in the third quarter. Driehaus Capital Mngmt Ltd Llc reported 32,800 shares. Cohen And Steers stated it has 93,899 shares.

TRADEMARK VIOLATION NOTICE: "Ffcm LLC Boosts Position in Tallgrass Energy Partners, LP (TEP)" was first reported by BBNS and is the property of of BBNS. Rr Advsrs Limited Liability reported 1.24M shares or 7.65% of all its holdings. Enterprise Fin Services has invested 0.01% in Tallgrass Energy Partners LP (NYSE:TEP). Tallgrass Energy Partners, 's dividend payout ratio (DPR) is now 165.92%.

In other Tallgrass Energy Partners, news, insider Gary J. Brauchle purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 15th.

07/02/2015 - Tallgrass Energy GP, LP had its "outperform" rating reiterated by analysts at Scotiabank. The stock increased 0.09% or $0.18 on September 8, reaching $202.39.

Looking at the chart above, HEP's low point in its 52 week range is $29.53 per share, with $38.09 as the 52 week high point - that compares with a last trade of $34.61. It has underperformed by 14.15% the S&P500. The Company includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC (TEP GP), Tallgrass Energy Partners, LP (TEP), and TEP's subsidiaries.

Holly Energy Partners, L.P., (HEP), launched on March 9, 2004, is involved in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

Investors sentiment decreased to 0.72 in Q4 2016. Its up 0.05, from 0.9 in 2016Q3. Invesco Ltd invested in 12,180 shares. Ancora Advsr reported 0% stake. Blackrock Inc holds 6,198 shares or 0% of its portfolio. Usca Ria Ltd invested 0.06% of its portfolio in Holly Energy Partners, L.P. (NYSE:HEP). Public Sector Pension Inv Board accumulated 0.09% or 106,613 shares. The Texas-based Salient Capital Advisors Llc has invested 3.03% in the stock. (NYSE:COF). Sunbelt owns 70 shares. (NYSE:STZ) or 11.12 million shares. (NYSE:STZ). Egerton Capital (Uk) Llp holds 2.25M shares. It is positive, as 74 investors sold STZ shares while 244 reduced holdings. The 50 day moving average was up $1.50 or +4.57% and the 200 day average went up $0.40 or +1.17%. $473,829 worth of Capital One Financial Corp. (NYSE:STZ) for 90,453 shares. Short shares grew from 771,076 to 795,485 over that timeframe. Morgan Stanley owns 2.43 million shares.

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