Valero Energy Partners (VLP) Now Covered by Analysts at Credit Suisse Group

Analysts at Credit Suisse Group started coverage on shares of Valero Energy Partners (NYSE:VLP) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $47.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 3.59% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Mizuho set a $53.00 price objective on Valero Energy Partners and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Valero Energy Partners in a research report on Wednesday, October 18th. Finally, Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Valero Energy Partners in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Valero Energy Partners presently has a consensus rating of “Hold” and an average price target of $52.50.

Valero Energy Partners (NYSE:VLP) traded down $0.37 during trading hours on Thursday, reaching $45.37. The company’s stock had a trading volume of 55,103 shares, compared to its average volume of 114,747. Valero Energy Partners has a 1 year low of $39.52 and a 1 year high of $51.00. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05. The firm has a market capitalization of $3,210.00, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.

Valero Energy Partners (NYSE:VLP) last posted its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). The business had revenue of $109.00 million during the quarter, compared to analyst estimates of $111.09 million. Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. equities analysts expect that Valero Energy Partners will post 2.81 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of VLP. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 142,350 shares during the last quarter. Dividend Assets Capital LLC boosted its position 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 purchasing an additional 138,425 shares during the last quarter. Cadence Capital Management LLC acquired a new position in Valero Energy Partners during the third quarter valued at approximately $4,079,000. Atlantic Trust Group LLC boosted its position in 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 during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Valero Energy Partners by 154.2% during the third quarter. Chicago Partners Investment Group LLC now owns 69,866 shares of the pipeline company’s stock valued at $3,055,000 after purchasing an additional 42,379 shares during the last quarter. 29.22% of the stock is owned by hedge funds and other institutional investors.

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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.