Valero Energy Partners LP (NYSE:VLP) saw an uptick in trading volume on Friday . 131,910 shares were traded during 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 research firms recently issued reports on VLP. Zacks Investment Research upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, April 1st. Barclays PLC assumed coverage on Valero Energy Partners in a research note on Wednesday, April 13th. They set an “overweight” rating and a $63.00 price target on the stock. Drexel Hamilton reiterated a “buy” rating and issued a $60.00 target price on shares of Valero Energy Partners in a research note on Tuesday, April 12th. TheStreet upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Finally, Raymond James Financial Inc. assumed coverage on Valero Energy Partners in a research note on Wednesday, April 20th. They issued an “outperform” rating and a $53.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $57.20.

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

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business earned $79 million during the quarter, compared to analysts’ expectations of $79.90 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 88.1% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Partners LP will post $2.65 earnings per share for the current fiscal year.

Other hedge funds have recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of 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 valued at $6,282,000 after buying an additional 81,146 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 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 valued at $14,220,000 after buying an additional 26,082 shares during the last quarter. Morgan Stanley boosted its stake in shares of Valero Energy Partners by 71.9% in the fourth quarter. Morgan Stanley now owns 676,107 shares of the company’s stock valued at $34,895,000 after buying an additional 282,894 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in shares of 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 valued at $76,905,000 after buying an additional 87,147 shares during the last quarter. Finally, RR Advisors LLC boosted its stake in shares of Valero Energy Partners by 113.2% in the fourth quarter. RR Advisors LLC now owns 81,000 shares of the company’s stock valued at $4,196,000 after buying an additional 43,000 shares during 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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