Stephens Inc. AR cut its position in shares of Valero Energy Partners LP (NYSE:VLP) by 19.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,900 shares of the pipeline company’s stock after selling 2,181 shares during the quarter. Stephens Inc. AR’s holdings in Valero Energy Partners were worth $406,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of VLP. First Trust Advisors LP raised its holdings in Valero Energy Partners by 63.6% during the first quarter. First Trust Advisors LP now owns 111,503 shares of the pipeline company’s stock worth $5,342,000 after purchasing an additional 43,344 shares during the last quarter. US Bancorp DE raised its holdings in Valero Energy Partners by 39.7% during the first quarter. US Bancorp DE now owns 4,727 shares of the pipeline company’s stock worth $226,000 after purchasing an additional 1,343 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Valero Energy Partners during the first quarter worth $298,000. 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 purchasing an additional 36,231 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Valero Energy Partners during the first quarter worth $248,000. 29.93% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Partners LP (NYSE:VLP) opened at 42.18 on Thursday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.97 and a beta of 0.74. The company has a 50-day moving average price of $42.98 and a 200 day moving average price of $45.42. Valero Energy Partners LP has a 1-year low of $38.90 and a 1-year high of $51.00.

Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share (EPS) 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 analysts’ expectations 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 in the previous year, the company earned $0.67 EPS. Equities analysts anticipate that Valero Energy Partners LP will post $2.97 earnings per share for the current year.

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VLP has been the subject of several research reports. ValuEngine raised Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Citigroup Inc. reaffirmed a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. BidaskClub raised Valero Energy Partners from a “strong sell” rating to a “sell” rating in a report on Friday, June 23rd. 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 report on Wednesday, July 5th. Finally, Scotiabank set a $51.00 price objective on Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. One 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 a consensus rating of “Buy” and an average target price of $53.25.

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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