Valero Energy Partners LP (VLP) Receives New Coverage from Analysts at Mizuho
A number of other research firms have also recently commented on VLP. Credit Suisse Group AG raised shares of Valero Energy Partners from a neutral rating to an outperform rating and cut their target price for the stock from $60.00 to $55.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. TheStreet cut shares of Valero Energy Partners from a buy rating to a hold rating in a research note on Tuesday, July 19th. Morgan Stanley reissued a buy rating and set a $58.00 target price on shares of Valero Energy Partners in a research note on Friday, August 5th. Barclays PLC cut their target price on shares of Valero Energy Partners from $59.00 to $55.00 and set an overweight rating for the company in a research note on Monday, August 8th. Finally, Jefferies Group started coverage on shares of Valero Energy Partners in a research note on Tuesday, August 23rd. They set a buy rating and a $53.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $55.67.
Valero Energy Partners (NYSE:VLP) traded up 0.21% on Thursday, hitting $43.14. 11,349 shares of the company’s stock traded hands. The stock has a 50-day moving average of $42.19 and a 200-day moving average of $44.69. The stock has a market cap of $2.85 billion, a PE ratio of 17.51 and a beta of 0.71. Valero Energy Partners has a one year low of $39.02 and a one year high of $53.25.
Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Valero Energy Partners had a net margin of 54.83% and a return on equity of 57.89%. The company earned $88 million during the quarter, compared to analysts’ expectations of $85.21 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 45.7% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Partners will post $2.61 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Balentine LLC bought a new position in Valero Energy Partners during the second quarter worth approximately $102,000. Quantbot Technologies LP acquired a new stake in shares of Valero Energy Partners during the second quarter worth $105,000. Barnett & Company Inc. acquired a new stake in shares of Valero Energy Partners during the first quarter worth $149,000. Signaturefd LLC boosted its stake in shares of Valero Energy Partners by 4.5% in the second quarter. Signaturefd LLC now owns 3,475 shares of the company’s stock worth $163,000 after buying an additional 150 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Valero Energy Partners by 4.7% in the second quarter. US Bancorp DE now owns 3,544 shares of the company’s stock worth $167,000 after buying an additional 160 shares in the last quarter. 30.97% of the stock is currently owned by hedge funds and other institutional investors.
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. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St.
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