Valero Energy Partners LP Receives New Coverage from Analysts at Wells Fargo & Co. (VLP)
Equities research analysts at Wells Fargo & Co. assumed coverage on shares of Valero Energy Partners LP (NYSE:VLP) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Valero Energy Partners LP (NYSE:VLP) traded up 1.38% during mid-day trading on Monday, hitting $33.05. The stock had a trading volume of 487,971 shares. Valero Energy Partners LP has a 52 week low of $28.60 and a 52 week high of $34.78. The stock has a 50-day moving average of $31.10 and a 200-day moving average of $31.10. The company’s market cap is $1.903 billion.
Separately, analysts at RBC Capital initiated coverage on shares of Valero Energy Partners LP in a research note to investors on Monday. They set an “outperform” rating and a $40.00 price target on the stock. Five analysts have rated the stock with a buy rating, Valero Energy Partners LP currently has a consensus rating of “Buy” and a consensus target price of $38.67.
Valero Energy Partners LP was formed to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.
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