Holly Energy Partners operates a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho and Washington. Co.'s segments include: Pipelines and Terminals, which transports and receives refined products from HollyFrontier Corporation's Navajo refinery in New Mexico and Delek US Holdings, Inc.'s Big Spring refinery in Texas; and Refinery Processing Units, which are used to support their daily operations that chemically transform crude oil into various petroleum products, including gasoline, diesel, liquefied petroleum gases, and asphalt. We show 58 historical shares outstanding datapoints in our HEP shares outstanding history coverage, used to compute HEP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HEP market cap history over the course of time is important for investors
interested in comparing HEP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HEP versus a peer is one thing; comparing
HEP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HEP can fluctuate over the course of history.
With this page we aim to empower investors researching HEP by allowing them to research the HEP market cap history. |
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Video: The Importance of Market Cap
