5 Blue Chip Dividend Stocks With Over 4% Yield

3. Holly Energy Partners, L.P. (NYSE:HEP)

Dividend Yield as of January 28: 7.65%

Number of Hedge Fund Holders: 4

Holly Energy Partners, L.P. (NYSE:HEP) is a pipeline transportation company for crude oil and petroleum products, based in Texas. The company also owns refineries, tankers, and terminals across multiple states. 

On January 24, Holly Energy Partners, L.P. (NYSE:HEP) declared a per share quarterly dividend of $0.35, in line with previous. The dividend is payable on February 11, to shareholders of record on February 1. Holly Energy Partners, L.P. (NYSE:HEP) delivers a dividend yield of 7.65% as of January 28.

Barclays analyst Theresa Chen downgraded Holly Energy Partners, L.P. (NYSE:HEP) to Underweight from Equal Weight with a price target of $17, down from $20 on January 20. While the analyst has a generally positive outlook for the sector in 2022, she expects “more variability” across refining results in Q4. 

Marshall Wace LLP is the biggest Holly Energy Partners, L.P. (NYSE:HEP) stakeholder as of Q3 2021, with 104,291 shares worth $1.91 million. Overall, 4 hedge funds were bullish on the stock in the third quarter.