Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Valero Energy Partners LP (NYSE:VLP) by 56.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,690 shares of the pipeline company’s stock after purchasing an additional 50,401 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.20% of Valero Energy Partners worth $5,291,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. increased its position in Valero Energy Partners by 8.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,544,766 shares of the pipeline company’s stock worth $249,159,000 after purchasing an additional 497,690 shares during the period. Chickasaw Capital Management LLC increased its position in Valero Energy Partners by 2.9% in the second quarter. Chickasaw Capital Management LLC now owns 1,701,318 shares of the pipeline company’s stock worth $64,769,000 after purchasing an additional 47,262 shares during the period. JPMorgan Chase & Co. increased its position in Valero Energy Partners by 45.4% in the third quarter. JPMorgan Chase & Co. now owns 773,435 shares of the pipeline company’s stock worth $29,299,000 after purchasing an additional 241,379 shares during the period. BlackRock Inc. increased its position in Valero Energy Partners by 8.4% in the first quarter. BlackRock Inc. now owns 238,549 shares of the pipeline company’s stock worth $8,452,000 after purchasing an additional 18,554 shares during the period. Finally, Dividend Assets Capital LLC increased its position in Valero Energy Partners by 3.6% in the second quarter. Dividend Assets Capital LLC now owns 222,175 shares of the pipeline company’s stock worth $8,458,000 after purchasing an additional 7,715 shares during the period. Hedge funds and other institutional investors own 27.59% of the company’s stock.
Valero Energy Partners stock opened at $41.95 on Friday. The stock has a market cap of $2.96 billion, a PE ratio of 15.14, a P/E/G ratio of 2.12 and a beta of 0.49. Valero Energy Partners LP has a 1 year low of $33.25 and a 1 year high of $48.66. The company has a debt-to-equity ratio of 4.57, a current ratio of 4.09 and a quick ratio of 4.09.
Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Thursday, October 25th. The pipeline company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.07. Valero Energy Partners had a return on equity of 94.57% and a net margin of 43.11%. The business had revenue of $140.59 million for the quarter, compared to analysts’ expectations of $137.85 million. Equities analysts forecast that Valero Energy Partners LP will post 2.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, November 1st were issued a dividend of $0.551 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Wednesday, October 31st. Valero Energy Partners’s dividend payout ratio (DPR) is presently 79.42%.
Several equities analysts have recently issued reports on VLP shares. ValuEngine upgraded Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Mitsubishi UFJ Financial Group lowered Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. SunTrust Banks restated a “buy” rating and set a $46.00 target price on shares of Valero Energy Partners in a research report on Monday, August 6th. Morgan Stanley decreased their target price on Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, August 17th. Finally, JPMorgan Chase & Co. lowered Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Friday, August 24th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.29.
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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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