NBW Capital LLC lifted its holdings in Valero Energy Partners LP (NYSE:VLP) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,377 shares of the pipeline company’s stock after purchasing an additional 10,950 shares during the quarter. Valero Energy Partners comprises about 2.0% of NBW Capital LLC’s portfolio, making the stock its 20th biggest position. NBW Capital LLC owned approximately 0.25% of Valero Energy Partners worth $7,760,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position 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 worth $19,796,000 after purchasing an additional 142,350 shares in the last quarter. Global X Management Co. LLC lifted its position in Valero Energy Partners by 1.3% during the 4th quarter. Global X Management Co. LLC now owns 175,376 shares of the pipeline company’s stock worth $7,804,000 after acquiring an additional 2,191 shares during the period. Bank of New York Mellon Corp lifted its position in Valero Energy Partners by 30.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,383 shares of the pipeline company’s stock worth $541,000 after acquiring an additional 2,854 shares during the period. Cadence Capital Management LLC acquired a new stake in Valero Energy Partners during the 3rd quarter worth about $4,079,000. Finally, Samson Capital Management LLC lifted its position in Valero Energy Partners by 3.5% during the 3rd quarter. Samson Capital Management LLC now owns 169,039 shares of the pipeline company’s stock worth $7,390,000 after acquiring an additional 5,677 shares during the period. 29.25% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on VLP shares. SunTrust Banks set a $50.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research cut Valero Energy Partners from a “hold” rating to a “sell” rating in a research report on Sunday, January 21st. Barclays cut Valero Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $50.00 to $49.00 in a research report on Wednesday, January 17th. Royal Bank of Canada lowered their price target on Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research report on Tuesday, February 6th. Finally, Credit Suisse Group started coverage on Valero Energy Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $47.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.56.
Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Friday, February 2nd. The pipeline company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The company had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $123.24 million. Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. equities research analysts expect that Valero Energy Partners LP will post 2.94 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Tuesday, February 13th. Shareholders of record on Monday, February 5th were paid a dividend of $0.5075 per share. The ex-dividend date was Friday, February 2nd. This represents a dividend yield of 0.0109210243167635%. Valero Energy Partners’s payout ratio is currently 73.29%.
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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.
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