Better Buy: Holly Energy Partners, L.P. vs. Magellan Midstream Partners, L.P.
Midstream energy partnerships Holly Energy Partners, L.P. (NYSE: HEP) and Magellan Midstream Partners, L.P. (NYSE: MMP) both have impressive histories when it comes to rewarding investors with distribution increases. Holly's streak is up to 13 consecutive years while Magellan's is at 17 years. Holly's 7.2% yield, however, is over two percentage points higher than what Magellan offers, but that doesn't necessarily mean you should jump on the higher yield.
Holly Energy is controlled by general partner HollyFrontier Corp (NYSE: HFC). That's been a net benefit as HollyFrontier has been selling fee-based assets to Holly Energy, known as a drop-down in the partnership space, to fuel its growth. That's meant that Holly Energy, with its $2.2 billion market cap, hasn't had to look hard to find acquisitions.
Image source: Getty Images.
Source: Fool.com
HF Sinclair Corp. Aktie
Positive Tendenz für HF Sinclair Corp. mit mehreren Buy- und keiner Sell-Einschätzung.
Ein prognostiziertes Kursziel von 61 € für HF Sinclair Corp. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 45.6 €.
