Brokerages predict that Valero Energy Partners LP (NYSE:VLP) will post earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Valero Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.95. Valero Energy Partners posted earnings of $0.71 per share during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 1st.
According to Zacks, analysts expect that Valero Energy Partners will report full-year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.66 to $3.02. For the next fiscal year, analysts anticipate that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.50 to $3.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Thursday, October 25th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $140.59 million during the quarter, compared to analyst estimates of $137.85 million. Valero Energy Partners had a net margin of 43.11% and a return on equity of 94.57%.
A number of research analysts have issued reports on VLP shares. SunTrust Banks lowered shares of Valero Energy Partners from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Friday, October 19th. Wells Fargo & Co reduced their target price on shares of Valero Energy Partners from $43.00 to $42.00 and set a “market perform” rating for the company in a research note on Thursday, September 13th. Royal Bank of Canada reissued a “sector perform” rating on shares of Valero Energy Partners in a research note on Friday, October 19th. ValuEngine lowered shares of Valero Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Finally, Credit Suisse Group assumed coverage on shares of Valero Energy Partners in a research note on Thursday, October 11th. They issued a “neutral” rating and a $40.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Valero Energy Partners in the 3rd quarter worth approximately $3,638,000. Jane Street Group LLC bought a new stake in shares of Valero Energy Partners in the 3rd quarter worth approximately $2,993,000. Virtus ETF Advisers LLC bought a new stake in shares of Valero Energy Partners in the 3rd quarter worth approximately $628,000. Deutsche Bank AG raised its holdings in shares of Valero Energy Partners by 288.0% in the 3rd quarter. Deutsche Bank AG now owns 343,800 shares of the pipeline company’s stock worth $13,022,000 after purchasing an additional 255,200 shares in the last quarter. Finally, Port Capital LLC raised its holdings in shares of Valero Energy Partners by 152.9% in the 3rd quarter. Port Capital LLC now owns 201,338 shares of the pipeline company’s stock worth $7,627,000 after purchasing an additional 121,738 shares in the last quarter. Institutional investors and hedge funds own 27.59% of the company’s stock.
Valero Energy Partners stock traded up $0.01 during midday trading on Friday, reaching $41.95. 52,180 shares of the stock traded hands, compared to its average volume of 1,139,913. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 4.57. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.12 and a beta of 0.49. Valero Energy Partners has a fifty-two week low of $33.25 and a fifty-two week high of $48.66.
The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, November 1st were paid a $0.551 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Wednesday, October 31st. Valero Energy Partners’s dividend payout ratio is currently 79.42%.
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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.
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