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Valero Energy Partners (NYSE:VLP) posted its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $1.26, American Banking & Market News reports. The company had revenue of $21.53 million for the quarter, compared to the consensus estimate of $32.81 million.

VLP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Valero Energy Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $43.40 price target on the stock. On the ratings front, analysts at Citigroup Inc. raised their price target on shares of Valero Energy Partners from $36.50 to $40.00 in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Valero Energy Partners currently has a consensus rating of “Buy” and a consensus target price of $41.23.

Shares of Valero Energy Partners (NYSE:VLP) traded down 0.09% during mid-day trading on Wednesday, hitting $43.52. The stock had a trading volume of 51,974 shares. Valero Energy Partners has a 52-week low of $27.50 and a 52-week high of $45.16. The stock has a 50-day moving average of $41.39 and a 200-day moving average of $37.05. The company has a market cap of $2.506 billion and a price-to-earnings ratio of 1244.57.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 14th. Investors of record on Thursday, May 1st will be given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 1.95%.

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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