Valero Energy Partners LP (NYSE:VLP) – Research analysts at SunTrust Banks upped their Q4 2017 earnings per share estimates for Valero Energy Partners in a note issued to investors on Thursday. SunTrust Banks analyst T. Richardson now forecasts that the pipeline company will post earnings of $0.82 per share for the quarter, up from their previous estimate of $0.77. SunTrust Banks also issued estimates for Valero Energy Partners’ FY2018 earnings at $3.23 EPS and FY2019 earnings at $4.20 EPS.

VLP has been the subject of several other research reports. 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. BidaskClub downgraded shares of Valero Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $51.00 to $50.00 in a research note on Wednesday, August 23rd. ValuEngine downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Valero Energy Partners in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.25.

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Valero Energy Partners (NYSE:VLP) opened at 42.12 on Monday. The stock has a 50 day moving average price of $42.80 and a 200 day moving average price of $44.52. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 13.95 and a beta of 0.74. Valero Energy Partners has a 12 month low of $38.90 and a 12 month high of $51.00.

Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Valero Energy Partners had a net margin of 54.43% and a return on equity of 211.91%. The company had revenue of $109.00 million during the quarter, compared to the consensus estimate of $111.09 million. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 18.5% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.56%. Valero Energy Partners’s payout ratio is 64.31%.

Large investors have recently bought and sold shares of the business. Spirit of America Management Corp NY raised its position in shares of Valero Energy Partners by 13.1% in the second quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock worth $18,402,000 after acquiring an additional 46,700 shares during the period. Citadel Advisors LLC raised its position in shares of Valero Energy Partners by 222.0% in the second quarter. Citadel Advisors LLC now owns 14,813 shares of the pipeline company’s stock worth $676,000 after acquiring an additional 10,213 shares during the period. Creative Planning raised its position in shares of Valero Energy Partners by 26.9% in the second quarter. Creative Planning now owns 10,697 shares of the pipeline company’s stock worth $488,000 after acquiring an additional 2,270 shares during the period. Diversified Trust Co raised its position in shares of Valero Energy Partners by 1.6% in the second quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock worth $683,000 after acquiring an additional 231 shares during the period. Finally, NBW Capital LLC raised its position in shares of Valero Energy Partners by 4.1% in the second quarter. NBW Capital LLC now owns 166,102 shares of the pipeline company’s stock worth $7,581,000 after acquiring an additional 6,591 shares during the period. 29.95% of the stock is currently owned by institutional investors.

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.

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

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