Valero Energy Partners LP (NYSE:VLP) has been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $53.14.
A number of research firms recently commented on VLP. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Mizuho set a $53.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research note on Sunday, October 29th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Valero Energy Partners in a research note on Friday, October 27th. Citigroup reaffirmed a “neutral” rating and set a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. Finally, ValuEngine cut shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
Valero Energy Partners (VLP) traded up $0.53 during mid-day trading on Friday, hitting $42.36. 99,278 shares of the company were exchanged, compared to its average volume of 104,919. Valero Energy Partners has a 52-week low of $39.52 and a 52-week high of $51.00. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26. The stock has a market cap of $2,912.98, a PE ratio of 14.56, a PEG ratio of 1.13 and a beta of 0.69.
Valero Energy Partners (NYSE:VLP) last released its quarterly 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). Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The firm had revenue of $109.00 million for the quarter, compared to analysts’ expectations of $111.09 million. During the same period in the prior year, the firm posted $0.77 earnings per share. Valero Energy Partners’s revenue for the quarter was up 18.5% on a year-over-year basis. equities research analysts predict that Valero Energy Partners will post 2.8 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Valero Energy Partners by 11.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock valued at $132,000 after buying an additional 300 shares during the period. Sei Investments Co. purchased a new stake in Valero Energy Partners in the 2nd quarter valued at about $197,000. Proficio Capital Partners LLC purchased a new stake in Valero Energy Partners in the 2nd quarter valued at about $221,000. Alliancebernstein L.P. purchased a new stake in Valero Energy Partners in the 1st quarter valued at about $248,000. Finally, Botty Investors LLC boosted its position in Valero Energy Partners by 821.2% in the 2nd quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock valued at $262,000 after buying an additional 5,116 shares during the period. 29.22% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2017/12/13/valero-energy-partners-lp-vlp-receives-53-14-average-price-target-from-analysts.html.
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.
Receive News & Ratings for Valero Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.