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Enter Symbol:
 
Holly Energy Partners, L.p. (HEP) [hlAlert]

Rating:
Underperform
HEP
up 7.43 %

Holly Energy Partners, L.p. (HEP) rated Underperform by BofA/Merrill

Posted on: Wednesday,  Sep 12, 2012  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Holly Energy Partners, L.p. (NYSE: HEP) on 09/12/2012, when the stock price was $35.82. Since
then, Holly Energy Partners, L.p. has lost 6.92% as of 09/08/2015's recent price of $33.34.
If you would have followed this BofA/Merrill's recommendation on HEP, you would have gained 7.43% of your investment in 1091 days.

Holly Energy Partners, L.P. (HEP) operates a system of refined product and crude oil pipelines, storage tanks and distribution terminals primarily in west Texas, New Mexico, Utah and Arizona. The Company generates revenues by charging tariffs for transporting refined product and crude oil through its pipelines and by charging fees for terminalling refined products and other hydrocarbons, and storing and providing other services at the Company?s terminals. HEP does not take ownership of products that it transports or terminal. It serves Holly Corporation?s (Holly) refineries in New Mexico and Utah under three 15-year pipeline, terminal and tankage agreements with Holly. It also serves the Alon USA, Inc. (Alon) Big Spring, Texas refinery (Big Spring Refinery) under the Alon pipelines and terminals agreement expiring in 2020 (Alon PTA). The substantial majority of the Company?s business is devoted to providing transportation and terminalling services to Holly.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2012 8:25 AM Sell
None
35.82
as of 12/31/2012
1 Week down  -0.65 %
1 Month up  2.04 %
3 Months up  1.00 %
1 YTD up  8.17 %

(*) Stock Price at the time of the recommendation.
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