Valero Energy Partners (VLP) Research Coverage Started at Credit Suisse Group

Credit Suisse Group started coverage on shares of Valero Energy Partners (NYSE:VLP) in a research note released on Thursday, January 4th, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $47.00 price objective on the pipeline company’s stock.

Several other research analysts have also commented on VLP. Citigroup reaffirmed a neutral rating and issued a $50.00 price target on shares of Valero Energy Partners in a report on Wednesday, October 18th. Mitsubishi UFJ Financial Group reaffirmed an overweight rating on shares of Valero Energy Partners in a report on Friday, October 27th. 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. Finally, Mizuho set a $53.00 price target on shares of Valero Energy Partners and gave the company a buy rating in a report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Valero Energy Partners has a consensus rating of Hold and an average target price of $51.75.

Shares of Valero Energy Partners (NYSE:VLP) traded down $0.19 during mid-day trading on Thursday, reaching $46.47. 163,048 shares of the company’s stock traded hands, compared to its average volume of 88,530. The firm has a market cap of $3,297.42, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.16 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 has a 52 week low of $39.52 and a 52 week high of $51.00.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $109.00 million for the quarter, compared to analyst estimates of $111.09 million. During the same period in the prior year, the business earned $0.77 earnings per share. Valero Energy Partners’s revenue 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.

The company also recently disclosed a dividend, which will be paid on Tuesday, February 13th. Investors of record on Monday, February 5th will be given a $0.5075 dividend. The ex-dividend date is Friday, February 2nd. This represents a yield of 0.0109210243167635%. Valero Energy Partners’s dividend payout ratio is presently 67.84%.

Several hedge funds have recently added to or reduced their stakes in VLP. Sei Investments Co. bought a new stake in shares of Valero Energy Partners during the 2nd quarter worth about $197,000. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 3,303 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of 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 buying an additional 307 shares in the last quarter. Samson Capital Management LLC raised its position in shares of Valero Energy Partners by 0.3% during the 2nd quarter. Samson Capital Management LLC now owns 163,362 shares of the pipeline company’s stock worth $7,456,000 after buying an additional 443 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 buying an additional 300 shares in the last quarter. Institutional investors own 29.28% 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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