Holly Energy Partners (NYSE: HEP) has been a great long-term investment with a good track record of delivering a growing payout to shareholders on a routine basis. Over the past few quarters, though, management has started to realize some of the things that made it successful in the past could be a hindrance in the future, so it decided to act sooner than later with a major ownership change between it and its parent company, HollyFrontier (NYSE: HFC).
Let’s look at the company’s most recent results and what this change could mean for investors.