Valero Energy Partners LP (NYSE:VLP) saw an uptick in trading volume on Friday . 131,910 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 133,905 shares.The stock last traded at $43.92 and had previously closed at $44.54.

A number of brokerages have issued reports on VLP. Deutsche Bank AG lowered Valero Energy Partners from a “buy” rating to a “hold” rating and cut their price target for the stock from $56.00 to $50.00 in a research note on Monday, April 18th. Raymond James Financial Inc. began coverage on Valero Energy Partners in a research note on Wednesday, April 20th. They issued an “outperform” rating and a $53.00 price target for the company. Drexel Hamilton reiterated a “buy” rating and issued a $60.00 price target on shares of Valero Energy Partners in a research note on Tuesday, April 12th. Zacks Investment Research upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, April 1st. Finally, TheStreet upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Valero Energy Partners has an average rating of “Buy” and a consensus price target of $57.20.

The company’s 50-day moving average price is $45.37 and its 200 day moving average price is $46.20. The firm has a market capitalization of $2.91 billion and a PE ratio of 18.89.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. During the same period in the prior year, the business posted $0.37 EPS. The business had revenue of $79 million for the quarter, compared to analyst estimates of $79.90 million. The business’s revenue for the quarter was up 88.1% on a year-over-year basis. On average, analysts expect that Valero Energy Partners LP will post $2.65 earnings per share for the current year.

Several hedge funds recently added to or reduced their stakes in VLP. Liberty Mutual Group Asset Management Inc. boosted its stake in Valero Energy Partners by 200.0% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 121,729 shares of the company’s stock worth $6,282,000 after buying an additional 81,146 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Valero Energy Partners by 10.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 275,537 shares of the company’s stock worth $14,220,000 after buying an additional 26,082 shares in the last quarter. Morgan Stanley boosted its stake in Valero Energy Partners by 71.9% in the fourth quarter. Morgan Stanley now owns 676,107 shares of the company’s stock worth $34,895,000 after buying an additional 282,894 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in Valero Energy Partners by 6.2% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,490,112 shares of the company’s stock worth $76,905,000 after buying an additional 87,147 shares in the last quarter. Finally, RR Advisors LLC boosted its stake in Valero Energy Partners by 113.2% in the fourth quarter. RR Advisors LLC now owns 81,000 shares of the company’s stock worth $4,196,000 after buying an additional 43,000 shares in the last quarter.

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 pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St.

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