Credit Suisse Group began coverage on shares of Valero Energy Partners (NYSE:VLP) in a research report report published on Thursday, January 4th, MarketBeat.com reports. The firm issued a neutral rating and a $47.00 target price on the pipeline company’s stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Valero Energy Partners from a sell rating to a hold rating in a research report on Friday, November 10th. Mizuho set a $53.00 price objective on Valero Energy Partners and gave the company a buy rating in a research report on Sunday, October 29th. Mitsubishi UFJ Financial Group restated an overweight rating on shares of Valero Energy Partners in a research report on Friday, October 27th. Finally, Citigroup reaffirmed a neutral rating and issued a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $52.50.
Shares of Valero Energy Partners (NYSE:VLP) opened at $46.69 on Thursday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 5.05. The firm has a market capitalization of $3,250.07, a P/E ratio of 16.25, a P/E/G ratio of 1.13 and a beta of 0.69. Valero Energy Partners has a 1-year low of $39.52 and a 1-year high of $51.00.
Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.03). The business had revenue of $109.00 million during the quarter, compared to the consensus estimate of $111.09 million. Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. analysts predict that Valero Energy Partners will post 2.81 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of VLP. PNC Financial Services Group Inc. boosted its stake in Valero Energy Partners by 11.7% in 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. Sei Investments Co. acquired a new position in Valero Energy Partners in the second quarter worth $197,000. Alliancebernstein L.P. lifted 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 valued at $250,000 after acquiring an additional 307 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Valero Energy Partners by 53.1% during the second quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock valued at $435,000 after acquiring an additional 3,303 shares during the period. Finally, CNH Partners LLC lifted its stake in shares of Valero Energy Partners by 1.0% during the second quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock valued at $471,000 after acquiring an additional 100 shares during the period. 29.22% of the stock is currently owned by institutional investors.
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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. 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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