Global X Management Co. LLC raised its position in Valero Energy Partners LP (NYSE:VLP) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 169,323 shares of the pipeline company’s stock after buying an additional 9,688 shares during the period. Global X Management Co. LLC’s holdings in Valero Energy Partners were worth $7,728,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VLP. Guggenheim Capital LLC increased its position in Valero Energy Partners by 151.5% in the fourth quarter. Guggenheim Capital LLC now owns 21,509 shares of the pipeline company’s stock worth $953,000 after buying an additional 12,958 shares in the last quarter. Macquarie Group Ltd. increased its position in Valero Energy Partners by 143.3% in the fourth quarter. Macquarie Group Ltd. now owns 38,200 shares of the pipeline company’s stock worth $1,691,000 after buying an additional 22,500 shares in the last quarter. Driehaus Capital Management LLC increased its position in Valero Energy Partners by 157.0% in the first quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after buying an additional 51,486 shares in the last quarter. HighTower Advisors LLC increased its position in Valero Energy Partners by 0.8% in the first quarter. HighTower Advisors LLC now owns 103,845 shares of the pipeline company’s stock worth $4,976,000 after buying an additional 823 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its position in 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 in the last quarter. 31.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Valero Energy Partners LP (VLP) opened at 43.62 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of 14.44 and a beta of 0.74. The company has a 50-day moving average of $45.54 and a 200 day moving average of $46.76. Valero Energy Partners LP has a 12-month low of $38.90 and a 12-month high of $51.00.

Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, July 28th. The pipeline company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by $0.03. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $107.14 million. Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. Valero Energy Partners’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Equities analysts predict that Valero Energy Partners LP will post $2.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, July 28th. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.43. Valero Energy Partners’s dividend payout ratio is presently 61.69%.

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A number of equities analysts have commented on VLP shares. Barclays PLC reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Valero Energy Partners in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Valero Energy Partners in a report on Friday, April 21st. BidaskClub raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. ValuEngine downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. One 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’s stock. Valero Energy Partners presently has an average rating of “Buy” and a consensus price target of $53.78.

Valero Energy Partners Company Profile

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.

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Institutional Ownership by Quarter for Valero Energy Partners (NYSE:VLP)

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