Valero Energy Partners LP (NYSE:VLP) released its earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03), MarketWatch Earnings reports. Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The business had revenue of $109.00 million for the quarter, compared to the consensus estimate of $111.09 million. During the same period in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.
Valero Energy Partners (NYSE VLP) traded up $0.01 during mid-day trading on Friday, hitting $40.72. 81,400 shares of the stock traded hands, compared to its average volume of 82,586. Valero Energy Partners has a 1 year low of $38.95 and a 1 year high of $51.00. The company has a current ratio of 4.26, a quick ratio of 5.60 and a debt-to-equity ratio of 5.05. The stock has a market cap of $2,832.69, a price-to-earnings ratio of 14.39, a PEG ratio of 1.12 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Wednesday, November 1st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.72%. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, October 31st. Valero Energy Partners’s dividend payout ratio (DPR) is 67.84%.
VLP has been the subject of a number of analyst reports. ValuEngine lowered Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the company a “buy” rating in a research report on Saturday, July 22nd. Mizuho set a $53.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research downgraded Valero Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, BidaskClub upgraded Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One equities research 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. The company currently has an average rating of “Hold” and a consensus target price of $53.00.
A number of institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. increased its holdings in Valero Energy Partners by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,365 shares of the pipeline company’s stock valued at $473,000 after purchasing an additional 27 shares during the last quarter. CNH Partners LLC grew its stake in shares of Valero Energy Partners by 1.0% in the second quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock worth $471,000 after acquiring an additional 100 shares in the last quarter. Diversified Trust Co grew its stake in shares of Valero Energy Partners by 1.6% in the second quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock worth $683,000 after acquiring an additional 231 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Valero Energy Partners by 11.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock worth $132,000 after purchasing an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Valero Energy Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 29.94% 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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