VTTI Energy Partners LP (VTTI) Stock Rating Lowered by DA Davidson
VTTI Energy Partners LP (NYSE:VTTI) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $19.50 price target on the oil and gas company’s stock. DA Davidson’s price objective would indicate a potential upside of 0.26% from the company’s current price.
Several other research analysts also recently weighed in on VTTI. Citigroup Inc downgraded shares of VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price target for the company. in a research report on Monday. Zacks Investment Research upgraded shares of VTTI Energy Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, May 4th. Finally, Wells Fargo & Co downgraded shares of VTTI Energy Partners from an “outperform” rating to a “market perform” rating in a report on Friday, March 3rd. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $19.33.
Shares of VTTI Energy Partners (NYSE:VTTI) opened at 19.475 on Monday. The company has a market capitalization of $908.57 million, a PE ratio of 33.462 and a beta of 1.21. VTTI Energy Partners has a 12-month low of $15.40 and a 12-month high of $21.74. The firm’s 50-day moving average price is $18.97 and its 200-day moving average price is $18.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Monday, May 8th will be issued a $0.336 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $1.34 dividend on an annualized basis and a yield of 6.91%.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake in VTTI Energy Partners by 29.0% in the third quarter. Acrospire Investment Management LLC now owns 5,839 shares of the oil and gas company’s stock worth $111,000 after buying an additional 1,311 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in VTTI Energy Partners during the fourth quarter worth approximately $260,000. Mizuho Securities USA Inc. acquired a new stake in VTTI Energy Partners during the first quarter worth approximately $335,000. Renaissance Group LLC increased its stake in VTTI Energy Partners by 37.7% in the fourth quarter. Renaissance Group LLC now owns 20,140 shares of the oil and gas company’s stock worth $325,000 after buying an additional 5,516 shares during the last quarter. Finally, Swiss National Bank increased its stake in VTTI Energy Partners by 7.7% in the first quarter. Swiss National Bank now owns 40,400 shares of the oil and gas company’s stock worth $768,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
VTTI Energy Partners Company Profile
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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