Valero Energy Partners LP (NYSE:VLP) shares saw unusually-high trading volume on Friday . Approximately 1,542,312 shares changed hands during trading, an increase of 992% from the previous session’s volume of 141,202 shares.The stock last traded at $42.57 and had previously closed at $39.85.

VLP has been the topic of several recent analyst reports. Raymond James reissued a “market perform” rating on shares of Valero Energy Partners in a research report on Friday. SunTrust Banks reissued a “buy” rating and set a $46.00 price target on shares of Valero Energy Partners in a research report on Monday, August 6th. US Capital Advisors lowered Valero Energy Partners from an “overweight” rating to a “hold” rating in a research report on Friday, September 7th. Mitsubishi UFJ Financial Group lowered Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. lowered Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Valero Energy Partners presently has an average rating of “Hold” and a consensus target price of $45.41.

The company has a debt-to-equity ratio of 4.99, a current ratio of 4.07 and a quick ratio of 4.07. The company has a market cap of $2.78 billion, a P/E ratio of 15.36, a PEG ratio of 1.75 and a beta of 0.77.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Thursday, July 26th. The pipeline company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. The firm had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Valero Energy Partners LP will post 2.81 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Valero Energy Partners by 19.1% in the second quarter. Bank of New York Mellon Corp now owns 11,346 shares of the pipeline company’s stock valued at $432,000 after purchasing an additional 1,819 shares in the last quarter. Tiedemann Advisors LLC grew its stake in Valero Energy Partners by 6.6% in the second quarter. Tiedemann Advisors LLC now owns 55,885 shares of the pipeline company’s stock valued at $2,127,000 after purchasing an additional 3,480 shares in the last quarter. California Public Employees Retirement System grew its stake in Valero Energy Partners by 34.9% in the second quarter. California Public Employees Retirement System now owns 19,190 shares of the pipeline company’s stock valued at $731,000 after purchasing an additional 4,965 shares in the last quarter. Raymond James & Associates purchased a new position in Valero Energy Partners in the second quarter valued at about $218,000. Finally, FMR LLC grew its stake in Valero Energy Partners by 42.9% in the second quarter. FMR LLC now owns 138,900 shares of the pipeline company’s stock valued at $5,288,000 after purchasing an additional 41,700 shares in the last quarter. Hedge funds and other institutional investors own 28.00% of the company’s stock.

About Valero Energy Partners (NYSE:VLP)

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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