Valero Energy Partners LP (VLP) Receives Average Recommendation of “Hold” from Analysts

Valero Energy Partners LP (NYSE:VLP) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $51.71.

Several research analysts recently commented on VLP shares. Citigroup reaffirmed a “neutral” rating and issued a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Valero Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Valero Energy Partners in a research report on Friday, October 27th. Mizuho set a $53.00 target price on shares of Valero Energy Partners and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Credit Suisse Group started coverage on shares of Valero Energy Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $47.00 target price on the stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. increased its position in Valero Energy Partners by 0.4% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 5,732,152 shares of the pipeline company’s stock valued at $250,610,000 after purchasing an additional 23,670 shares during the period. Chickasaw Capital Management LLC boosted its holdings in shares of Valero Energy Partners by 3.8% in the 4th quarter. Chickasaw Capital Management LLC now owns 1,557,987 shares of the pipeline company’s stock valued at $69,330,000 after buying an additional 56,425 shares in the last quarter. Center Coast Capital Advisors LP boosted its holdings in shares of Valero Energy Partners by 2.1% in the 3rd quarter. Center Coast Capital Advisors LP now owns 544,138 shares of the pipeline company’s stock valued at $23,790,000 after buying an additional 10,954 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Valero Energy Partners by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,231 shares of the pipeline company’s stock valued at $19,796,000 after buying an additional 142,350 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in shares of Valero Energy Partners by 5.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 424,190 shares of the pipeline company’s stock valued at $18,546,000 after buying an additional 21,000 shares in the last quarter. 29.28% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Partners (NYSE:VLP) traded down $0.19 during mid-day trading on Friday, reaching $46.47. 161,041 shares of the company traded hands, compared to its average volume of 88,530. The stock has a market cap of $3,297.42, a P/E ratio of 16.42, a PEG ratio of 1.16 and a beta of 0.69. Valero Energy Partners has a 52 week low of $39.52 and a 52 week high of $51.00. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 5.05.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.03). The company had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $111.09 million. Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. analysts predict that Valero Energy Partners will post 2.8 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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