BidaskClub downgraded shares of Valero Energy Partners LP (NYSE:VLP) from a sell rating to a strong sell rating in a report published on Friday morning.

Other analysts have also recently issued research reports about the company. Citigroup Inc. reissued a buy rating on shares of Valero Energy Partners in a research report on Friday, May 26th. ValuEngine raised Valero Energy Partners from a hold rating to a buy rating in a research report on Thursday, May 25th. Scotiabank reissued a buy rating and issued a $51.00 price objective on shares of Valero Energy Partners in a research report on Thursday, April 27th. Royal Bank Of Canada reissued a buy rating and issued a $62.00 price objective on shares of Valero Energy Partners in a research report on Friday, April 21st. Finally, Zacks Investment Research raised Valero Energy Partners from a hold rating to a buy rating and set a $51.00 price objective for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $53.78.

Valero Energy Partners (NYSE:VLP) opened at 44.71 on Friday. The stock has a market cap of $3.05 billion, a PE ratio of 14.80 and a beta of 0.74. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.00. The stock has a 50 day moving average price of $45.27 and a 200 day moving average price of $46.92.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.03. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a return on equity of 361.72% and a net margin of 55.29%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, analysts predict that Valero Energy Partners will post $2.83 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Tuesday, August 1st will be paid a $0.455 dividend. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, July 28th. This represents a $1.82 dividend on an annualized basis and a yield of 4.07%. Valero Energy Partners’s dividend payout ratio (DPR) is 61.69%.

A number of institutional investors have recently modified their holdings of VLP. Tortoise Capital Advisors L.L.C. raised its position in shares of Valero Energy Partners by 0.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,708,482 shares of the pipeline company’s stock worth $260,535,000 after buying an additional 30,024 shares during the period. Chickasaw Capital Management LLC raised its position in shares of Valero Energy Partners by 2.6% in the first quarter. Chickasaw Capital Management LLC now owns 1,529,191 shares of the pipeline company’s stock worth $73,264,000 after buying an additional 38,215 shares during the period. Center Coast Capital Advisors LP raised its position in shares of Valero Energy Partners by 1.6% in the first quarter. Center Coast Capital Advisors LP now owns 550,830 shares of the pipeline company’s stock worth $26,390,000 after buying an additional 8,778 shares during the period. Spirit of America Management Corp NY raised its position in shares of Valero Energy Partners by 13.1% in the second quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock worth $18,402,000 after buying an additional 46,700 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Valero Energy Partners by 11.5% in the first quarter. JPMorgan Chase & Co. now owns 350,405 shares of the pipeline company’s stock worth $16,787,000 after buying an additional 36,231 shares during the period. Institutional investors own 31.89% of the company’s stock.

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. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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