Valero Energy Partners LP (NYSE:VLP)’s share price traded down 1.5% during trading on Monday . The company traded as low as $43.13 and last traded at $43.48, with a volume of 189,886 shares traded. The stock had previously closed at $44.12.

A number of equities analysts have commented on the stock. Drexel Hamilton assumed coverage on shares of Valero Energy Partners in a report on Wednesday, April 6th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. TheStreet raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Raymond James Financial Inc. initiated coverage on shares of Valero Energy Partners in a report on Wednesday, April 20th. They set an “outperform” rating and a $53.00 price target for the company. Finally, Barclays PLC initiated coverage on shares of Valero Energy Partners in a report on Wednesday, April 13th. They set an “overweight” rating and a $63.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.20.

The company has a market capitalization of $2.87 billion and a price-to-earnings ratio of 18.60. The firm has a 50 day moving average of $45.34 and a 200-day moving average of $46.09.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Thursday, May 5th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. During the same period last year, the firm earned $0.37 EPS. The company earned $79 million during the quarter, compared to analyst estimates of $79.90 million. The company’s quarterly revenue was up 88.1% compared to the same quarter last year. On average, analysts forecast that Valero Energy Partners LP will post $2.65 EPS for the current fiscal year.

Several hedge funds and institutional investors have recently modified their holdings of VLP. PNC Financial Services Group Inc. raised its position in shares of Valero Energy Partners by 17.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 64,044 shares of the company’s stock worth $3,307,000 after buying an additional 9,335 shares during the last quarter. RR Advisors LLC raised its position 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 worth $4,196,000 after buying an additional 43,000 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its position 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 worth $6,282,000 after buying an additional 81,146 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position 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 worth $14,220,000 after buying an additional 26,082 shares during the last quarter. Finally, Morgan Stanley raised its position 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 worth $34,895,000 after buying an additional 282,894 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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