Valero Energy Partners LP (NYSE:VLP) received a $51.00 price target from equities researchers at Scotiabank in a research note issued on Saturday. The firm currently has a “buy” rating on the pipeline company’s stock. Scotiabank’s target price suggests a potential upside of 10.25% from the company’s previous close.

Several other analysts have also issued reports on VLP. ValuEngine upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. BidaskClub raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price target on shares of Valero Energy Partners in a report on Friday, April 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Valero Energy Partners presently has a consensus rating of “Buy” and an average target price of $53.78.

Shares of Valero Energy Partners (VLP) traded up 0.04% during mid-day trading on Friday, hitting $46.26. 44,633 shares of the company were exchanged. Valero Energy Partners has a 52 week low of $38.90 and a 52 week high of $51.00. The company has a market capitalization of $3.15 billion, a P/E ratio of 15.44 and a beta of 0.75. The company has a 50 day moving average of $45.05 and a 200 day moving average of $46.90.

Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, April 28th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $103.82 million. Valero Energy Partners had a net margin of 56.22% and a return on equity of 226.35%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. Equities analysts anticipate that Valero Energy Partners will post $3.15 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of VLP. Spirit of America Management Corp NY boosted its position in Valero Energy Partners by 61.1% in the first quarter. Spirit of America Management Corp NY now owns 356,490 shares of the pipeline company’s stock worth $17,079,000 after buying an additional 135,150 shares during the last quarter. Renaissance Technologies LLC boosted its position in Valero Energy Partners by 265.6% in the fourth quarter. Renaissance Technologies LLC now owns 99,442 shares of the pipeline company’s stock worth $4,402,000 after buying an additional 72,242 shares during the last quarter. Guggenheim Capital LLC boosted its position in Valero Energy Partners by 151.5% in the fourth quarter. Guggenheim Capital LLC now owns 21,509 shares of the pipeline company’s stock worth $953,000 after buying an additional 12,958 shares during the last quarter. Macquarie Group Ltd. boosted its position in Valero Energy Partners by 143.3% in the fourth quarter. Macquarie Group Ltd. now owns 38,200 shares of the pipeline company’s stock worth $1,691,000 after buying an additional 22,500 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its position in Valero Energy Partners by 157.0% in the first quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after buying an additional 51,486 shares during the last quarter. Institutional investors and hedge funds own 31.96% of the company’s stock.

About Valero Energy Partners

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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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