Wall Street brokerages predict that Valero Energy Partners LP (NYSE:VLP) will post sales of $120.18 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valero Energy Partners’ earnings, with the highest sales estimate coming in at $128.00 million and the lowest estimate coming in at $111.70 million. Valero Energy Partners posted sales of $104.15 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Valero Energy Partners will report full-year sales of $120.18 million for the current year, with estimates ranging from $433.00 million to $453.70 million. For the next year, analysts expect that the firm will report sales of $537.12 million per share, with estimates ranging from $439.00 million to $582.73 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.03). The firm had revenue of $109.00 million for 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%. Valero Energy Partners’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share.
A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $50.00 price target on shares of Valero Energy Partners in a report on Wednesday, October 18th. Jefferies Group raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and lowered their price target for the company from $51.00 to $50.00 in a report on Wednesday, August 23rd. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. BidaskClub raised shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of Valero Energy Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Valero Energy Partners has an average rating of “Hold” and a consensus target price of $53.00.
Shares of Valero Energy Partners (NYSE:VLP) opened at $44.14 on Wednesday. The firm has a market cap of $3,015.45, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.17 and a beta of 0.69. Valero Energy Partners has a fifty-two week low of $39.52 and a fifty-two week 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.
A number of hedge funds have recently made changes to their positions in VLP. PNC Financial Services Group Inc. grew its holdings in Valero Energy Partners by 11.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock worth $132,000 after acquiring an additional 300 shares in the last quarter. Sei Investments Co. acquired a new position in Valero Energy Partners during the 2nd quarter worth $197,000. Alliancebernstein L.P. grew its holdings in Valero Energy Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock worth $250,000 after acquiring an additional 307 shares in the last quarter. US Bancorp DE grew its holdings in Valero Energy Partners by 31.7% during the 2nd quarter. US Bancorp DE now owns 6,227 shares of the pipeline company’s stock worth $284,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Valero Energy Partners by 53.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock worth $435,000 after acquiring an additional 3,303 shares in the last quarter. 29.22% of the stock is owned by 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.
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