Valero Energy Partners LP (NYSE:VLP) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on VLP. Jefferies Group set a $53.00 price target on shares of Valero Energy Partners and gave the company a “buy” rating in a report on Saturday, October 15th. Mizuho cut their price target on shares of Valero Energy Partners from $57.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 31st. Barclays PLC cut their price target on shares of Valero Energy Partners from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, August 8th. Credit Suisse Group AG set a $55.00 price objective on shares of Valero Energy Partners and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Finally, Mitsubishi UFJ Financial Group upgraded shares of Valero Energy Partners from a “neutral” rating to an “overweight” rating in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Valero Energy Partners has an average rating of “Buy” and a consensus price target of $54.67.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

Shares of Valero Energy Partners (NYSE:VLP) opened at 40.56 on Friday. The company’s 50-day moving average is $41.36 and its 200 day moving average is $43.09. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 15.40 and a beta of 0.75. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $53.25.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Valero Energy Partners had a net margin of 55.97% and a return on equity of 92.55%. The firm earned $92 million during the quarter, compared to the consensus estimate of $89.82 million. During the same period last year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 48.4% on a year-over-year basis. On average, analysts expect that Valero Energy Partners will post $2.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Thursday, November 3rd were given a dividend of $0.385 per share. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $1.54 annualized dividend and a dividend yield of 3.80%. Valero Energy Partners’s payout ratio is currently 56.83%.

Large investors have recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of Valero Energy Partners by 2.7% in the second quarter. Raymond James & Associates now owns 4,595 shares of the company’s stock worth $216,000 after buying an additional 119 shares in the last quarter. Signaturefd LLC increased 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 valued at $163,000 after buying an additional 150 shares during the last quarter. US Bancorp DE increased 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 valued at $167,000 after buying an additional 160 shares during the last quarter. Capital One National Association increased its stake in shares of Valero Energy Partners by 4.0% in the second quarter. Capital One National Association now owns 4,574 shares of the company’s stock valued at $215,000 after buying an additional 174 shares during the last quarter. Finally, Conning Inc. increased its stake in shares of Valero Energy Partners by 1.3% in the third quarter. Conning Inc. now owns 19,524 shares of the company’s stock valued at $853,000 after buying an additional 255 shares during the last quarter. Institutional investors own 29.84% of the company’s stock.

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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