Valero Energy Partners (NYSE:VLP) was downgraded by investment analysts at US Capital Advisors from an “overweight” rating to a “hold” rating in a research note issued on Friday, The Fly reports.

VLP has been the subject of several other research reports. ValuEngine downgraded shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Morgan Stanley decreased their target price on shares of Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Jefferies Financial Group reiterated a “$38.75” rating and set a $46.00 target price on shares of Valero Energy Partners in a research note on Wednesday, July 18th. JPMorgan Chase & Co. downgraded shares of Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Friday, August 24th. Finally, Mitsubishi UFJ Financial Group downgraded shares of Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Valero Energy Partners has a consensus rating of “Hold” and a consensus target price of $46.45.

Shares of VLP opened at $36.17 on Friday. Valero Energy Partners has a fifty-two week low of $33.25 and a fifty-two week high of $48.66. The stock has a market cap of $2.54 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.62 and a beta of 0.77. The company has a debt-to-equity ratio of 4.99, a current ratio of 4.07 and a quick ratio of 4.07.

Valero Energy Partners (NYSE:VLP) last announced its earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Valero Energy Partners had a net margin of 46.87% and a return on equity of 108.14%. The business had revenue of $134.63 million during the quarter, compared to the consensus estimate of $132.71 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. sell-side analysts anticipate that Valero Energy Partners will post 2.78 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its position in shares of Valero Energy Partners by 13.5% during the 1st quarter. Alps Advisors Inc. now owns 12,539 shares of the pipeline company’s stock valued at $444,000 after acquiring an additional 1,496 shares during the period. California Public Employees Retirement System lifted its position in shares of Valero Energy Partners by 14.4% during the 1st quarter. California Public Employees Retirement System now owns 14,225 shares of the pipeline company’s stock valued at $504,000 after acquiring an additional 1,786 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Valero Energy Partners by 19.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,346 shares of the pipeline company’s stock valued at $432,000 after acquiring an additional 1,819 shares during the period. Conning Inc. lifted its position in shares of Valero Energy Partners by 15.7% during the 2nd quarter. Conning Inc. now owns 14,096 shares of the pipeline company’s stock valued at $537,000 after acquiring an additional 1,916 shares during the period. Finally, Tiedemann Advisors LLC lifted its position in shares of Valero Energy Partners by 6.6% during the 2nd quarter. Tiedemann Advisors LLC now owns 55,885 shares of the pipeline company’s stock valued at $2,127,000 after acquiring an additional 3,480 shares during the period. Hedge funds and other institutional investors own 28.00% of the company’s stock.

About Valero Energy Partners

Valero Energy Partners LP owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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