Valero Energy Partners LP (NYSE:VLP)‘s stock had its “buy” rating reissued by analysts at Royal Bank of Canada in a research note issued on Friday. They presently have a $62.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 33.33% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Scotiabank restated a “buy” rating and issued a $51.00 price objective on shares of Valero Energy Partners in a research note on Monday, February 6th. TheStreet upgraded shares of Valero Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, January 30th. Zacks Investment Research upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, January 19th. Barclays PLC restated an “overweight” rating and issued a $55.00 price objective on shares of Valero Energy Partners in a research note on Monday, February 6th. Finally, Jefferies Group LLC cut shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $54.45.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

Valero Energy Partners (NYSE:VLP) opened at 46.50 on Friday. Valero Energy Partners has a one year low of $38.90 and a one year high of $51.69. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 17.06 and a beta of 0.77. The firm’s 50-day moving average is $48.70 and its 200 day moving average is $44.12.

Valero Energy Partners (NYSE:VLP) last posted its earnings results on Thursday, February 2nd. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.08. The company earned $104.15 million during the quarter, compared to the consensus estimate of $101.32 million. Valero Energy Partners had a net margin of 56.33% and a return on equity of 116.22%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts forecast that Valero Energy Partners will post $2.98 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. LVW Advisors LLC boosted its stake in shares of Valero Energy Partners by 0.7% in the fourth quarter. LVW Advisors LLC now owns 6,775 shares of the company’s stock worth $300,000 after buying an additional 50 shares during the last quarter. Cypress Wealth Advisors LLC boosted its stake in shares of Valero Energy Partners by 0.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,575 shares of the company’s stock worth $335,000 after buying an additional 50 shares during the last quarter. Conning Inc. boosted its position in 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. Global X Management Co. LLC boosted its position in Valero Energy Partners by 6.7% in the third quarter. Global X Management Co. LLC now owns 6,679 shares of the company’s stock valued at $292,000 after buying an additional 421 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Valero Energy Partners by 7.4% in the third quarter. Diversified Trust Co now owns 11,841 shares of the company’s stock valued at $517,000 after buying an additional 820 shares during the last quarter. Institutional investors and hedge funds own 30.36% 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.

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