Valero Energy Partners LP (NYSE:VLP) has earned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $54.88.

Several equities research analysts recently weighed in on VLP shares. Mizuho reduced their price target on shares of Valero Energy Partners from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, October 31st. Jefferies Group set a $53.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research report on Saturday, October 15th. Credit Suisse Group AG set a $55.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Morgan Stanley set a $58.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Finally, Barclays PLC reduced their price target on shares of Valero Energy Partners from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, August 8th.

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Valero Energy Partners (NYSE:VLP) opened at 41.44 on Wednesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.74 and a beta of 0.75. The firm has a 50-day moving average of $41.21 and a 200 day moving average of $43.00. Valero Energy Partners has a one year low of $38.90 and a one 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 for the quarter, topping 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 company had revenue of $92 million for the quarter, compared to analysts’ expectations of $89.82 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. Valero Energy Partners’s quarterly revenue was up 48.4% on a year-over-year basis. Equities research analysts predict that Valero Energy Partners will post $2.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Thursday, November 3rd were paid a dividend of $0.385 per share. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.37. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Tuesday, November 1st. Valero Energy Partners’s payout ratio is currently 56.83%.

Several hedge funds have recently modified their holdings of VLP. Cohen & Steers Inc. raised its stake in shares of Valero Energy Partners by 5,266,560.0% in the second quarter. Cohen & Steers Inc. now owns 8,426,656 shares of the company’s stock worth $101,710,000 after buying an additional 8,426,496 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in shares of Valero Energy Partners by 3.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,884,081 shares of the company’s stock worth $229,601,000 after buying an additional 164,059 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Valero Energy Partners by 7.8% in the second quarter. Chickasaw Capital Management LLC now owns 1,604,472 shares of the company’s stock worth $75,426,000 after buying an additional 115,825 shares in the last quarter. Center Coast Capital Advisors LP raised its stake in shares of Valero Energy Partners by 14.9% in the third quarter. Center Coast Capital Advisors LP now owns 528,210 shares of the company’s stock worth $23,077,000 after buying an additional 68,655 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Valero Energy Partners by 7.2% in the third quarter. Wells Fargo & Company MN now owns 328,360 shares of the company’s stock worth $14,346,000 after buying an additional 22,129 shares in the last quarter. 29.84% of the stock is 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.

5 Day Chart for NYSE:VLP

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