Valero Energy Partners LP (NYSE:VLP) – SunTrust Banks decreased their FY2017 earnings estimates for Valero Energy Partners in a report issued on Friday. SunTrust Banks analyst T. Richardson now anticipates that the pipeline company will post earnings per share of $3.69 for the year, down from their prior forecast of $3.74. SunTrust Banks also issued estimates for Valero Energy Partners’ Q4 2017 earnings at $0.99 EPS.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Friday, April 28th. The pipeline company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Valero Energy Partners had a net margin of 56.22% and a return on equity of 226.35%. The firm had revenue of $105.80 million for the quarter, compared to the consensus estimate of $103.82 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis.

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Several other analysts also recently commented on VLP. Scotiabank reissued a “buy” rating and set a $51.00 price objective on shares of Valero Energy Partners in a research report on Thursday, March 23rd. Citigroup Inc. reissued a “neutral” rating and set a $50.00 price objective (up from $46.00) on shares of Valero Energy Partners in a research report on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price objective on shares of Valero Energy Partners in a research report on Friday, April 21st. Barclays PLC reissued an “overweight” rating and set a $55.00 price objective on shares of Valero Energy Partners in a research report on Tuesday, May 2nd. Finally, ValuEngine raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.78.

Valero Energy Partners (VLP) opened at 47.04 on Monday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 15.70 and a beta of 0.75. Valero Energy Partners has a 52-week low of $38.90 and a 52-week high of $51.00. The company’s 50 day moving average is $44.97 and its 200-day moving average is $46.54.

Institutional investors have recently bought and sold shares of the stock. Balentine LLC boosted its position in Valero Energy Partners by 8.1% in the first quarter. Balentine LLC now owns 2,348 shares of the pipeline company’s stock valued at $112,000 after buying an additional 176 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Valero Energy Partners by 471.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after buying an additional 2,120 shares in the last quarter. Homrich & Berg bought a new position in Valero Energy Partners during the first quarter valued at about $207,000. US Bancorp DE boosted its position in Valero Energy Partners by 39.7% in the first quarter. US Bancorp DE now owns 4,727 shares of the pipeline company’s stock valued at $226,000 after buying an additional 1,343 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in Valero Energy Partners during the first quarter valued at about $248,000. Institutional investors and hedge funds own 31.93% of the company’s stock.

Valero Energy Partners Company Profile

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

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