Valero Energy Partners (NYSE:VLP) had its price objective trimmed by Barclays from $47.00 to $41.00 in a report issued on Tuesday, Marketbeat reports. The brokerage currently has an equal weight rating on the pipeline company’s stock.
VLP has been the topic of several other research reports. TheStreet lowered Valero Energy Partners from a b rating to a c+ rating in a research note on Friday, February 23rd. Credit Suisse Group assumed coverage on Valero Energy Partners in a research note on Thursday, January 4th. They set a neutral rating and a $47.00 price target on the stock. Royal Bank of Canada cut their price target on Valero Energy Partners to $55.00 and set a positive rating on the stock in a research note on Tuesday, February 6th. JPMorgan Chase reaffirmed an overweight rating and set a $50.00 price target (down previously from $54.00) on shares of Valero Energy Partners in a research note on Tuesday, March 13th. Finally, Zacks Investment Research lowered Valero Energy Partners from a hold rating to a sell rating in a research note on Sunday, January 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $48.18.
Shares of VLP opened at $40.68 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 6.20. Valero Energy Partners has a 12-month low of $33.25 and a 12-month high of $48.66. The firm has a market cap of $2,883.54, a PE ratio of 14.69, a PEG ratio of 1.31 and a beta of 0.83.
Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $123.24 million. During the same period last year, the company earned $0.77 EPS. The company’s revenue was up 21.3% compared to the same quarter last year. research analysts anticipate that Valero Energy Partners will post 2.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Tuesday, May 1st will be paid a $0.5275 dividend. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, April 30th. This represents a $2.11 annualized dividend and a yield of 5.19%. Valero Energy Partners’s dividend payout ratio is presently 73.29%.
A number of large investors have recently added to or reduced their stakes in the business. Green Square Capital LLC acquired a new position in Valero Energy Partners in the fourth quarter valued at about $2,394,000. Yorkville Capital Management LLC acquired a new stake in shares of Valero Energy Partners during the fourth quarter worth about $1,384,000. Brookfield Asset Management Inc. acquired a new stake in shares of Valero Energy Partners during the fourth quarter worth about $1,670,000. Glenmede Trust Co. NA raised its position in shares of Valero Energy Partners by 4,400.0% during the fourth quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock worth $200,000 after purchasing an additional 4,400 shares during the period. Finally, Cypress Wealth Advisors LLC acquired a new stake in shares of Valero Energy Partners during the fourth quarter worth about $712,000. 29.16% of the stock is currently owned by hedge funds and other 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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.
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