Equities research analysts expect Valero Energy Partners LP (NYSE:VLP) to post sales of $120.18 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valero Energy Partners’ earnings, with the lowest sales estimate coming in at $111.70 million and the highest estimate coming in at $128.00 million. Valero Energy Partners reported sales of $104.15 million in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The business is scheduled to report its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Valero Energy Partners will report full-year sales of $120.18 million for the current financial year, with estimates ranging from $433.00 million to $453.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $543.60 million per share, with estimates ranging from $439.00 million to $583.87 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Valero Energy Partners.

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 consensus estimate of $0.68 by ($0.03). The company had revenue of $109.00 million for the quarter, compared to analysts’ expectations of $111.09 million. Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share.

VLP has been the subject of several recent research reports. Mizuho set a $53.00 price target on Valero Energy Partners and gave the company a “buy” rating in a research report on Sunday, October 29th. Jefferies Group upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and cut their price objective for the company from $51.00 to $50.00 in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine cut Valero Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Citigroup restated a “neutral” rating and issued a $50.00 price objective on shares of Valero Energy Partners in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $53.00.

Several institutional investors have recently bought and sold shares of VLP. Bank of New York Mellon Corp purchased a new stake in shares of Valero Energy Partners in the first quarter valued at approximately $298,000. Alliancebernstein L.P. purchased a new stake in shares of Valero Energy Partners during the first quarter worth approximately $248,000. Bank of Montreal Can purchased a new stake in shares of Valero Energy Partners during the second quarter worth approximately $593,000. US Bancorp DE increased its position in shares of Valero Energy Partners by 31.7% during the second quarter. US Bancorp DE now owns 6,227 shares of the pipeline company’s stock worth $284,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Valero Energy Partners during the second quarter worth approximately $197,000. Institutional investors and hedge funds own 29.16% of the company’s stock.

Valero Energy Partners (VLP) opened at $41.80 on Friday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05. The firm has a market capitalization of $2,937.00, a P/E ratio of 14.69, a P/E/G ratio of 1.14 and a beta of 0.70. Valero Energy Partners has a 12-month low of $39.02 and a 12-month high of $51.00.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Wednesday, November 1st were given a $0.48 dividend. The ex-dividend date was Tuesday, October 31st. This is a boost 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 4.59%. Valero Energy Partners’s payout ratio is 67.84%.

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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.

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

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