Sei Investments Co. acquired a new position in shares of Valero Energy Partners LP (NYSE:VLP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,320 shares of the pipeline company’s stock, valued at approximately $197,000.

Several other hedge funds have also recently bought and sold shares of VLP. Spirit of America Management Corp NY raised its holdings in Valero Energy Partners by 13.1% during 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 acquiring an additional 46,700 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Valero Energy Partners by 11.5% during the first quarter. JPMorgan Chase & Co. now owns 350,405 shares of the pipeline company’s stock worth $16,787,000 after acquiring an additional 36,231 shares in the last quarter. Bank of America Corp DE raised its holdings in Valero Energy Partners by 18.2% during the first quarter. Bank of America Corp DE now owns 265,652 shares of the pipeline company’s stock worth $12,728,000 after acquiring an additional 40,863 shares in the last quarter. Global X Management Co. LLC raised its holdings in Valero Energy Partners by 3,531.4% during the first quarter. Global X Management Co. LLC now owns 159,635 shares of the pipeline company’s stock worth $7,648,000 after acquiring an additional 155,239 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Valero Energy Partners by 14.1% during the first quarter. Renaissance Technologies LLC now owns 113,478 shares of the pipeline company’s stock worth $5,437,000 after acquiring an additional 14,036 shares in the last quarter. 29.93% of the stock is owned by institutional investors.

Several research firms recently issued reports on VLP. ValuEngine lowered Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded Valero Energy Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Jefferies Group LLC upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and dropped their target price for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Scotiabank set a $51.00 target price on Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.25.

Shares of Valero Energy Partners LP (NYSE VLP) opened at 43.14 on Monday. The firm has a 50-day moving average price of $43.61 and a 200 day moving average price of $45.82. Valero Energy Partners LP has a 1-year low of $38.90 and a 1-year high of $51.00. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 14.28 and a beta of 0.74.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $110.50 million for the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. Valero Energy Partners’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, analysts predict that Valero Energy Partners LP will post $2.89 EPS for the current fiscal year.

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Valero Energy Partners 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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