Brokerages forecast that Valero Energy Partners LP (NYSE:VLP) will post $114.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Valero Energy Partners’ earnings, with the lowest sales estimate coming in at $110.90 million and the highest estimate coming in at $121.20 million. Valero Energy Partners posted sales of $92.04 million in the same quarter last year, which suggests a positive year over year growth rate of 24%. The business is scheduled to issue its next earnings report before the market opens on Thursday, October 26th.

On average, analysts expect that Valero Energy Partners will report full-year sales of $114.13 million for the current year, with estimates ranging from $452.72 million to $458.80 million. For the next year, analysts forecast that the business will report sales of $576.71 million per share, with estimates ranging from $501.10 million to $651.15 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.03). Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. The firm had revenue of $110.50 million during the quarter, compared to the consensus estimate of $107.14 million. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and decreased their price target for the company from $51.00 to $50.00 in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Scotiabank set a $51.00 target price on shares of Valero Energy Partners and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Valero Energy Partners has a consensus rating of “Buy” and a consensus price target of $53.25.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its holdings in shares of Valero Energy Partners by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,365 shares of the pipeline company’s stock worth $473,000 after buying an additional 27 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Valero Energy Partners by 0.7% during the 1st quarter. LVW Advisors LLC now owns 6,825 shares of the pipeline company’s stock worth $327,000 after buying an additional 50 shares during the last quarter. CNH Partners LLC increased its holdings in shares of Valero Energy Partners by 1.0% during the 2nd quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock worth $471,000 after buying an additional 100 shares during the last quarter. Balentine LLC increased its holdings in shares of Valero Energy Partners by 8.1% during the 1st quarter. Balentine LLC now owns 2,348 shares of the pipeline company’s stock worth $112,000 after buying an additional 176 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Valero Energy Partners by 1.6% during the 2nd quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock worth $683,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 29.93% of the company’s stock.

Shares of Valero Energy Partners (VLP) traded down 0.59% during midday trading on Friday, hitting $42.39. The stock had a trading volume of 77,847 shares. The stock has a market cap of $2.89 billion, a PE ratio of 14.04 and a beta of 0.74. The firm has a 50 day moving average price of $43.12 and a 200-day moving average price of $45.56. Valero Energy Partners has a 52-week low of $38.90 and a 52-week high of $51.00.

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.

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

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