Barclays lowered shares of Valero Energy Partners (NYSE:VLP) from an overweight rating to an equal weight rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has $49.00 price target on the pipeline company’s stock, down from their prior price target of $50.00.

A number of other research analysts have also recently commented on VLP. Citigroup reiterated a neutral rating and set a $50.00 price target on shares of Valero Energy Partners in a research report on Wednesday, October 18th. Credit Suisse Group began coverage on shares of Valero Energy Partners in a research report on Thursday, January 4th. They set a neutral rating and a $47.00 price target on the stock. Mitsubishi UFJ Financial Group reiterated an overweight rating on shares of Valero Energy Partners in a research report on Friday, October 27th. Zacks Investment Research cut shares of Valero Energy Partners from a hold rating to a strong sell rating in a research report on Wednesday, October 18th. Finally, Mizuho set a $53.00 price target on shares of Valero Energy Partners and gave the company a buy rating in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $51.75.

Valero Energy Partners (NYSE:VLP) traded down $0.46 during mid-day trading on Wednesday, hitting $45.92. 78,847 shares of the company traded hands, compared to its average volume of 96,150. Valero Energy Partners has a one year low of $39.52 and a one year 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 capitalization of $3,291.76, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 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 the consensus estimate of $111.09 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. equities analysts anticipate that Valero Energy Partners will post 2.81 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of VLP. Bank of New York Mellon Corp grew its holdings in shares of Valero Energy Partners by 53.1% in the second quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock worth $435,000 after purchasing an additional 3,303 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Valero Energy Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 307 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Valero Energy Partners by 11.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock worth $132,000 after purchasing an additional 300 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Valero Energy Partners by 56.0% in the second quarter. California Public Employees Retirement System now owns 11,700 shares of the pipeline company’s stock worth $534,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Valero Energy Partners by 222.0% in the second quarter. Citadel Advisors LLC now owns 14,813 shares of the pipeline company’s stock worth $676,000 after purchasing an additional 10,213 shares during the last quarter. Hedge funds and other institutional investors own 29.30% of the company’s stock.

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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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