Valero Energy Partners LP (NYSE:VLP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Valero Energy Partners LP is engaged in the ownership, development and acquisition of crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets. The Company’s assets primarily situated in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of Valero Energy Corporation’s refinery based in Port Arthur, Texas, McKee refinery based in Sunray, Texas and its refinery based in Memphis, Tennessee. Valero Energy Partners LP is based in San Antonio, United States. “

A number of other research analysts have also weighed in on the stock. ValuEngine upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Scotiabank set a $51.00 price objective on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. BidaskClub downgraded shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and lowered their price target for the stock from $51.00 to $50.00 in a research note on Wednesday, August 23rd. Finally, Citigroup Inc reissued a “neutral” rating and issued a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $53.00.

Shares of Valero Energy Partners (NYSE VLP) opened at $42.08 on Friday. The company has a market cap of $2,927.99, a P/E ratio of 14.87, a PEG ratio of 1.15 and a beta of 0.73. The company has a debt-to-equity ratio of 5.84, a quick ratio of 5.60 and a current ratio of 5.60.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $109.00 million during the quarter, compared to the consensus estimate of $111.09 million. During the same period in the previous year, the business posted $0.77 EPS. Valero Energy Partners’s revenue was up 18.5% compared to the same quarter last year. analysts expect that Valero Energy Partners will post 2.81 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Valero Energy Partners by 471.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 2,120 shares during the last quarter. Sei Investments Co. bought a new position in Valero Energy Partners during the second quarter valued at $197,000. Proficio Capital Partners LLC bought a new position in Valero Energy Partners during the second quarter valued at $221,000. Alliancebernstein L.P. bought a new position in Valero Energy Partners during the first quarter valued at $248,000. Finally, Botty Investors LLC lifted its position in Valero Energy Partners by 821.2% during the second quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock valued at $262,000 after purchasing an additional 5,116 shares during the last quarter. 29.95% of the stock is owned by institutional investors.

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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Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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