Shares of Valero Energy Partners LP (NYSE:VLP) have been given an average rating of “Buy” by the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.00.

VLP has been the topic of a number of research reports. Zacks Investment Research downgraded Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Barclays PLC restated an “overweight” rating and issued a $55.00 price target on shares of Valero Energy Partners in a research note on Tuesday, May 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, ValuEngine raised Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 25th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its position in shares of Valero Energy Partners by 63.6% in the first quarter. First Trust Advisors LP now owns 111,503 shares of the pipeline company’s stock valued at $5,342,000 after buying an additional 43,344 shares during the period. US Bancorp DE increased its stake 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. Bank of New York Mellon Corp bought a new stake in Valero Energy Partners during the first quarter valued at $298,000. Center Coast Capital Advisors LP increased its stake in Valero Energy Partners by 1.6% in the first quarter. Center Coast Capital Advisors LP now owns 550,830 shares of the pipeline company’s stock valued at $26,390,000 after buying an additional 8,778 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Valero Energy Partners by 11.5% in the first quarter. JPMorgan Chase & Co. now owns 350,405 shares of the pipeline company’s stock valued at $16,787,000 after buying an additional 36,231 shares in the last quarter. Institutional investors and hedge funds own 29.93% of the company’s stock.

Valero Energy Partners (NYSE VLP) traded down 0.05% during midday trading on Wednesday, reaching $42.87. The company’s stock had a trading volume of 21,577 shares. Valero Energy Partners has a 52-week low of $38.90 and a 52-week high of $51.00. The firm has a 50 day moving average of $44.49 and a 200 day moving average of $46.24. The firm has a market cap of $2.92 billion, a P/E ratio of 14.20 and a beta of 0.74.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by $0.03. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The business had revenue of $110.50 million for the quarter, compared to analysts’ expectations of $107.14 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Analysts anticipate that Valero Energy Partners will post $2.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Tuesday, August 1st were given a $0.455 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.82 annualized dividend and a yield of 4.24%. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.43. Valero Energy Partners’s dividend payout ratio (DPR) is currently 61.69%.

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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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