Valero Energy Partners (NYSE:VLP) had its price objective lowered by Royal Bank of Canada to $55.00 in a research report report published on Tuesday, The Fly reports. The firm currently has a positive rating on the pipeline company’s stock.

Several other research analysts have also recently commented on VLP. SunTrust Banks set a $50.00 target price on shares of Valero Energy Partners and gave the stock a buy rating in a report on Monday, February 5th. Barclays dropped their price target on shares of Valero Energy Partners from $49.00 to $47.00 and set an equal weight rating on the stock in a research report on Monday, February 5th. Citigroup reaffirmed 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. Finally, Mitsubishi UFJ Financial Group reaffirmed an overweight rating on shares of Valero Energy Partners in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Valero Energy Partners currently has a consensus rating of Hold and an average price target of $50.56.

Valero Energy Partners (NYSE VLP) opened at $40.72 on Tuesday. Valero Energy Partners has a 1-year low of $39.49 and a 1-year high of $51.00. The company has a market cap of $2,940.00, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.11 and a beta of 0.65. 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 (NYSE:VLP) last announced its earnings results on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 158.05% and a net margin of 52.75%. The business had revenue of $126.30 million for the quarter, compared to analyst estimates of $123.24 million. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. analysts forecast that Valero Energy Partners will post 2.94 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Monday, February 5th will be given a dividend of $0.5075 per share. This represents a yield of 0.0109210243167635%. The ex-dividend date of this dividend is Friday, February 2nd. Valero Energy Partners’s dividend payout ratio (DPR) is currently 73.02%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Valero Energy Partners by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 461,231 shares of the pipeline company’s stock worth $19,796,000 after acquiring an additional 142,350 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 valued at $435,000 after purchasing an additional 3,303 shares during the period. Spirit of America Management Corp NY raised its position in shares of Valero Energy Partners by 5.2% in the third 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 period. Cadence Capital Management LLC bought a new position in shares of Valero Energy Partners in the third quarter valued at about $4,079,000. Finally, Samson Capital Management LLC raised its position in shares of Valero Energy Partners by 3.5% in the third quarter. Samson Capital Management LLC now owns 169,039 shares of the pipeline company’s stock valued at $7,390,000 after purchasing an additional 5,677 shares during the period. 29.26% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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