Valero Energy Partners LP (NYSE:VLP) – Investment analysts at Jefferies Group increased their FY2016 earnings estimates for shares of Valero Energy Partners in a note issued to investors on Thursday. Jefferies Group analyst C. Goldman now expects that the firm will post earnings per share of $2.67 for the year, up from their previous forecast of $2.58. Jefferies Group currently has a “Buy” rating and a $53.00 target price on the stock. Jefferies Group also issued estimates for Valero Energy Partners’ FY2017 earnings at $3.45 EPS.

Valero Energy Partners (NYSE:VLP) last announced its earnings results on Thursday, August 4th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company earned $88 million during the quarter, compared to the consensus estimate of $85.21 million. Valero Energy Partners had a net margin of 54.83% and a return on equity of 57.89%. Valero Energy Partners’s revenue was up 45.7% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share.

Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

A number of other brokerages also recently commented on VLP. Credit Suisse Group AG raised shares of Valero Energy Partners from a “neutral” rating to an “outperform” rating and reduced 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 downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Morgan Stanley reaffirmed 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 reduced their target price on shares of Valero Energy Partners from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, August 8th. Finally, Mitsubishi UFJ Financial Group raised shares of Valero Energy Partners from a “neutral” rating to an “overweight” rating in a research note on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Valero Energy Partners has a consensus rating of “Buy” and a consensus target price of $55.67.

Shares of Valero Energy Partners (NYSE:VLP) opened at 42.98 on Friday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 17.44 and a beta of 0.70. Valero Energy Partners has a 52 week low of $39.02 and a 52 week high of $53.25. The firm has a 50-day moving average of $42.56 and a 200 day moving average of $44.26.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Balentine LLC purchased a new position in Valero Energy Partners during the second quarter valued at approximately $102,000. Quantbot Technologies LP purchased a new position in Valero Energy Partners during the second quarter valued at approximately $105,000. Barnett & Company Inc. purchased a new position in Valero Energy Partners during the first quarter valued at approximately $149,000. Signaturefd LLC boosted its position in Valero Energy Partners by 4.5% in the second quarter. Signaturefd LLC now owns 3,475 shares of the company’s stock valued at $163,000 after buying an additional 150 shares during the period. Finally, US Bancorp DE boosted its position in Valero Energy Partners by 4.7% in the second quarter. US Bancorp DE now owns 3,544 shares of the company’s stock valued at $167,000 after buying an additional 160 shares during the period. Institutional investors own 30.97% 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. 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.

5 Day Chart for NYSE:VLP

Receive News & Stock Ratings for Valero Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Partners LP and related stocks with our FREE daily email newsletter.