Shares of Valero Energy Partners LP (NYSE:VLP) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $53.14.

VLP has been the subject of a number of recent analyst reports. Scotiabank set a $51.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and cut their price target for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. Mizuho set a $53.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Finally, ValuEngine downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

A number of large investors have recently modified their holdings of the stock. Tortoise Capital Advisors L.L.C. lifted its stake in Valero Energy Partners by 0.4% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 5,732,152 shares of the pipeline company’s stock valued at $250,610,000 after purchasing an additional 23,670 shares during the last quarter. Center Coast Capital Advisors LP lifted its stake in Valero Energy Partners by 2.1% in the 3rd quarter. Center Coast Capital Advisors LP now owns 544,138 shares of the pipeline company’s stock valued at $23,790,000 after purchasing an additional 10,954 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Valero Energy Partners by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,231 shares of the pipeline company’s stock valued at $19,796,000 after purchasing an additional 142,350 shares during the last quarter. Spirit of America Management Corp NY lifted its stake in Valero Energy Partners by 5.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 424,190 shares of the pipeline company’s stock valued at $18,546,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Valero Energy Partners by 1.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 363,642 shares of the pipeline company’s stock valued at $15,899,000 after purchasing an additional 3,770 shares during the last quarter. 30.16% of the stock is owned by institutional investors and hedge funds.

Shares of Valero Energy Partners (NYSE:VLP) traded up $0.10 during trading on Monday, hitting $41.51. 57,302 shares of the stock were exchanged, compared to its average volume of 104,745. Valero Energy Partners has a 12 month low of $39.02 and a 12 month high of $51.00. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $2,930.00, a P/E ratio of 14.20, a PEG ratio of 1.10 and a beta of 0.72.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Wednesday, November 1st were paid a $0.48 dividend. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, October 31st. This represents a $1.92 annualized dividend and a yield of 4.63%. Valero Energy Partners’s dividend payout ratio is presently 67.84%.

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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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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