Center Coast Capital Advisors LP boosted its stake in shares of Valero Energy Partners LP (NYSE:VLP) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 544,138 shares of the pipeline company’s stock after acquiring an additional 10,954 shares during the quarter. Valero Energy Partners makes up approximately 0.6% of Center Coast Capital Advisors LP’s holdings, making the stock its 28th biggest holding. Center Coast Capital Advisors LP owned about 0.78% of Valero Energy Partners worth $23,790,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Dividend Assets Capital LLC grew its holdings in Valero Energy Partners by 246.7% during the 3rd quarter. Dividend Assets Capital LLC now owns 194,545 shares of the pipeline company’s stock worth $8,506,000 after acquiring an additional 138,425 shares during the last quarter. Global X MANAGEMENT CO LLC grew its holdings in Valero Energy Partners by 2.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 173,185 shares of the pipeline company’s stock worth $7,572,000 after acquiring an additional 3,862 shares during the last quarter. Spirit of America Management Corp NY grew its holdings in Valero Energy Partners by 5.2% during the 3rd quarter. Spirit of America Management Corp NY now owns 424,190 shares of the pipeline company’s stock worth $18,546,000 after acquiring an additional 21,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Valero Energy Partners by 1.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,638 shares of the pipeline company’s stock worth $1,900,000 after acquiring an additional 400 shares during the last quarter. Finally, NBW Capital LLC grew its holdings in Valero Energy Partners by 4.1% during the 2nd quarter. NBW Capital LLC now owns 166,102 shares of the pipeline company’s stock worth $7,581,000 after acquiring an additional 6,591 shares during the last quarter. 30.16% of the stock is currently owned by hedge funds and other institutional investors.

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Valero Energy Partners LP (VLP) traded down $0.20 during trading on Tuesday, reaching $40.52. 48,900 shares of the company’s stock were exchanged, compared to its average volume of 105,305. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05. Valero Energy Partners LP has a 52 week low of $39.00 and a 52 week high of $51.00. The firm has a market cap of $2,832.69, a P/E ratio of 14.39, a PEG ratio of 1.12 and a beta of 0.73.

Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The business had revenue of $109.00 million for the quarter, compared to analyst estimates of $111.09 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. research analysts expect that Valero Energy Partners LP will post 2.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Wednesday, November 1st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.74%. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, October 31st. Valero Energy Partners’s dividend payout ratio (DPR) is currently 67.84%.

A number of brokerages have commented on VLP. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. BidaskClub lowered shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Citigroup Inc. reissued a “neutral” rating and set a $50.00 price objective on shares of Valero Energy Partners in a report on Wednesday, October 18th. Finally, Jefferies Group LLC upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating and cut their target price for the company from $51.00 to $50.00 in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

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.

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

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