Valero Energy Partners (VLP) Downgraded by Barclays to Equal Weight

Barclays lowered shares of Valero Energy Partners (NYSE:VLP) from an overweight rating to an equal weight rating in a report published on Wednesday morning. The brokerage currently has $49.00 target price on the pipeline company’s stock, down from their prior target price of $50.00.

A number of other equities research analysts also recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Valero Energy Partners in a report on Thursday, January 4th. They issued a neutral rating and a $47.00 price target on the stock. Zacks Investment Research raised shares of Valero Energy Partners from a sell rating to a hold rating in a report 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 report on Sunday, October 29th. Mitsubishi UFJ Financial Group reissued an overweight rating on shares of Valero Energy Partners in a report on Friday, October 27th. Finally, Citigroup reissued a neutral rating and issued a $50.00 price target on shares of Valero Energy Partners in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Valero Energy Partners presently has a consensus rating of Hold and an average price target of $51.75.

Shares of Valero Energy Partners (NYSE:VLP) traded down $0.46 during trading on Wednesday, hitting $45.92. 78,847 shares of the stock were exchanged, compared to its average volume of 96,150. Valero Energy Partners has a 52-week low of $39.52 and a 52-week high of $51.00. The stock has a market capitalization of $3,291.76, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26.

Valero Energy Partners (NYSE:VLP) last announced its quarterly 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). 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 during the quarter, compared to analysts’ expectations of $111.09 million. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. equities research analysts expect that Valero Energy Partners will post 2.81 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of 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 during the last quarter. Alliancebernstein L.P. increased its position in shares of Valero Energy Partners by 5.9% in 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of Valero Energy Partners by 53.1% in the second quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock worth $435,000 after purchasing an additional 3,303 shares during the last quarter. CNH Partners LLC increased its position 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 purchasing an additional 100 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Valero Energy Partners by 56.0% in the second quarter. California Public Employees Retirement System now owns 11,700 shares of the pipeline company’s stock worth $534,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 29.30% 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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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