Zacks Investment Research Downgrades VTTI Energy Partners LP (VTTI) to Hold
VTTI Energy Partners LP (NYSE:VTTI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “VTTI Energy Partners LP owns, operates, develops and acquires refined petroleum product and crude oil terminals, and related energy infrastructure. VTTI Energy Partners LP is based in London, United Kingdom. “
Separately, DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of VTTI Energy Partners in a research note on Wednesday, November 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.00.
Shares of VTTI Energy Partners (NYSE:VTTI) opened at 17.80 on Tuesday. The company has a market cap of $731.06 million, a PE ratio of 32.48 and a beta of 1.21. VTTI Energy Partners has a one year low of $14.80 and a one year high of $21.74. The firm’s 50-day moving average is $18.16 and its 200-day moving average is $19.17.
The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a dividend of $0.3281 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.31 annualized dividend and a dividend yield of 7.37%. This is an increase from VTTI Energy Partners’s previous quarterly dividend of $0.32.
Several large investors have recently made changes to their positions in the stock. HAP Trading LLC purchased a new stake in shares of VTTI Energy Partners during the second quarter valued at $556,000. GSA Capital Partners LLP bought a new stake in shares of VTTI Energy Partners during the second quarter valued at about $248,000. Chickasaw Capital Management LLC boosted its stake in shares of VTTI Energy Partners by 2.9% in the second quarter. Chickasaw Capital Management LLC now owns 1,847,451 shares of the company’s stock valued at $37,503,000 after buying an additional 51,336 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of VTTI Energy Partners by 46.9% in the second quarter. SG Americas Securities LLC now owns 16,900 shares of the company’s stock valued at $343,000 after buying an additional 5,395 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of VTTI Energy Partners by 102.2% in the second quarter. Swiss National Bank now owns 27,700 shares of the company’s stock valued at $562,000 after buying an additional 14,000 shares in the last quarter. 71.20% of the stock is owned by institutional investors.
VTTI Energy Partners Company Profile
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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