Analysts forecast that Valero Energy Partners LP (NYSE:VLP) will announce earnings per share (EPS) of $0.68 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Valero Energy Partners’ earnings, with estimates ranging from $0.65 to $0.71. Valero Energy Partners posted earnings of $0.72 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings results on Friday, April 27th.
According to Zacks, analysts expect that Valero Energy Partners will report full year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.53 to $3.29. For the next financial year, analysts forecast that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $2.59 to $4.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 144.86% and a net margin of 52.75%. The firm had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $123.24 million. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s revenue was up 21.3% compared to the same quarter last year.
Valero Energy Partners (NYSE:VLP) traded up $0.15 during mid-day trading on Monday, hitting $38.52. 73,248 shares of the stock traded hands, compared to its average volume of 121,516. The company has a debt-to-equity ratio of 6.20, a quick ratio of 2.70 and a current ratio of 2.70. Valero Energy Partners has a twelve month low of $38.02 and a twelve month high of $48.90. The stock has a market cap of $2,720.00, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.19 and a beta of 0.78.
The business also recently declared a dividend, which was paid on Tuesday, February 13th. Investors of record on Monday, February 5th were given 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 dividend payout ratio (DPR) is presently 73.02%.
A number of hedge funds have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. raised its holdings in Valero Energy Partners by 0.4% in 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 acquiring an additional 23,670 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Valero Energy Partners by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,595,540 shares of the pipeline company’s stock valued at $204,501,000 after acquiring an additional 53,826 shares during the last quarter. Chickasaw Capital Management LLC raised its holdings in 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 acquiring an additional 56,425 shares during the last quarter. Center Coast Capital Advisors LP raised its holdings in 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 acquiring an additional 10,954 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 142,350 shares during the last quarter. Institutional investors own 29.25% of the company’s stock.
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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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