Tuesday, April 30, 2013 8:16:54 PM
BY DividendChannel.com | 04/30/13 - 04:13 PM EDT
Stock quotes in this article: HEP
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Holly Energy Partners LP (HEP_) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Holly Energy Partners LP an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of HEP entered into oversold territory, changing hands as low as $39.25 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Holly Energy Partners LP, the RSI reading has hit 30.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 56.3. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, HEP's recent annualized dividend of 1.91/share (currently paid in quarterly installments) works out to an annual yield of 4.85% based upon the recent $39.39 share price.
A bullish investor could look at HEP's 30.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on HEP is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Contingit stercore.
Recent HEP News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 12/11/2023 11:03:56 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/08/2023 05:15:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:27:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:08:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:08:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:07:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 10:07:22 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/04/2023 09:28:27 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/04/2023 09:20:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 09:10:59 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/04/2023 09:07:55 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/04/2023 09:05:56 PM
- Form SC 13E3/A - Going private transaction by certain issuers: [Amend] • Edgar (US Regulatory) • 12/01/2023 09:41:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 09:12:02 PM
- HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers • Business Wire • 11/30/2023 12:44:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 10:09:06 PM
- HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration • Business Wire • 11/14/2023 12:14:00 AM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 11/03/2023 10:06:26 AM
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