Valero Energy Partners (NYSE:VLP) had its price target decreased by Wells Fargo & Co from $43.00 to $42.00 in a research report report published on Thursday morning. Wells Fargo & Co currently has a market perform rating on the pipeline company’s stock.

Several other research firms have also weighed in on VLP. ValuEngine lowered shares of Valero Energy Partners from a hold rating to a sell rating in a research note on Saturday, June 2nd. Mitsubishi UFJ Financial Group lowered shares of Valero Energy Partners from an overweight rating to a neutral rating in a research note on Thursday, July 26th. Morgan Stanley reduced their price objective on shares of Valero Energy Partners from $46.00 to $45.00 and set an equal weight rating on the stock in a research note on Friday, August 17th. Jefferies Financial Group reissued a $38.75 rating and set a $46.00 price objective on shares of Valero Energy Partners in a research note on Wednesday, July 18th. Finally, JPMorgan Chase & Co. lowered shares of Valero Energy Partners from an overweight rating to a neutral rating and set a $50.00 price objective on the stock. in a research note on Friday, August 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Valero Energy Partners has an average rating of Hold and an average price target of $46.05.

Shares of NYSE VLP traded down $0.34 during mid-day trading on Thursday, hitting $35.97. The company’s stock had a trading volume of 14,201 shares, compared to its average volume of 166,788. The firm has a market capitalization of $2.59 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.65 and a beta of 0.77. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 4.99. Valero Energy Partners has a one year low of $33.25 and a one year high of $48.66.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $132.71 million. During the same quarter last year, the firm earned $0.69 EPS. Valero Energy Partners’s quarterly revenue was up 21.8% compared to the same quarter last year. equities research analysts anticipate that Valero Energy Partners will post 2.78 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP acquired a new stake in Valero Energy Partners during the 2nd quarter worth approximately $2,989,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Valero Energy Partners during the 2nd quarter worth approximately $3,399,000. Tortoise Capital Advisors L.L.C. raised its holdings in Valero Energy Partners by 8.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 6,544,766 shares of the pipeline company’s stock worth $249,159,000 after buying an additional 497,690 shares during the period. Brookfield Asset Management Inc. raised its holdings in Valero Energy Partners by 1,139.7% during the 1st quarter. Brookfield Asset Management Inc. now owns 465,357 shares of the pipeline company’s stock worth $16,488,000 after buying an additional 427,819 shares during the period. Finally, Signaturefd LLC acquired a new stake in Valero Energy Partners during the 1st quarter worth approximately $151,000. Hedge funds and other institutional investors own 28.00% of the company’s stock.

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 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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Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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