Equities analysts expect Valero Energy Partners LP (NYSE:VLP) to report sales of $130.09 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Valero Energy Partners’ earnings. The highest sales estimate is $134.58 million and the lowest is $126.40 million. Valero Energy Partners posted sales of $105.82 million in the same quarter last year, which indicates a positive year over year growth rate of 22.9%. The business is scheduled to announce its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Valero Energy Partners will report full-year sales of $130.09 million for the current year, with estimates ranging from $526.30 million to $587.38 million. For the next fiscal year, analysts forecast that the firm will post sales of $687.34 million per share, with estimates ranging from $540.10 million to $806.94 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 158.05% and a net margin of 52.75%. The company had revenue of $126.30 million during the quarter, compared to the consensus estimate of $123.24 million. During the same period in the prior year, the business posted $0.77 earnings per share. Valero Energy Partners’s revenue for the quarter was up 21.3% compared to the same quarter last year.
Valero Energy Partners (NYSE:VLP) opened at $42.59 on Thursday. Valero Energy Partners has a twelve month low of $39.52 and a twelve month high of $51.00. The company has a market capitalization of $3,010.00, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.12 and a beta of 0.65. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 5.05.
The firm also recently declared a dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.5075 per share. The ex-dividend date is Friday, February 2nd. This represents a yield of 0.0109210243167635%. Valero Energy Partners’s dividend payout ratio is presently 73.02%.
A number of large investors have recently bought and sold shares of VLP. JPMorgan Chase & Co. raised its holdings in Valero Energy Partners by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 461,231 shares of the pipeline company’s stock valued at $19,796,000 after acquiring an additional 142,350 shares during the period. Dividend Assets Capital LLC raised its holdings in Valero Energy Partners by 246.7% during the third quarter. Dividend Assets Capital LLC now owns 194,545 shares of the pipeline company’s stock valued at $8,506,000 after acquiring an additional 138,425 shares during the period. Cadence Capital Management LLC purchased a new position in shares of Valero Energy Partners during the third quarter valued at about $4,079,000. Atlantic Trust Group LLC grew its position in shares of Valero Energy Partners by 31.7% during the third quarter. Atlantic Trust Group LLC now owns 342,168 shares of the pipeline company’s stock valued at $14,960,000 after purchasing an additional 82,320 shares in the last quarter. Finally, Chickasaw Capital Management LLC grew its position in shares of Valero Energy Partners by 3.8% during the fourth quarter. Chickasaw Capital Management LLC now owns 1,557,987 shares of the pipeline company’s stock valued at $69,330,000 after purchasing an additional 56,425 shares in the last quarter. 29.26% of the stock is currently owned by institutional investors and hedge funds.
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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