Valero Energy Partners LP (NYSE:VLP) – Analysts at Jefferies Group issued their Q2 2017 earnings per share (EPS) estimates for shares of Valero Energy Partners in a note issued to investors on Wednesday. Jefferies Group analyst C. Goldman expects that the pipeline company will post earnings of $0.65 per share for the quarter. Jefferies Group also issued estimates for Valero Energy Partners’ FY2017 earnings at $2.73 EPS.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Friday, April 28th. The pipeline company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. Valero Energy Partners had a return on equity of 226.35% and a net margin of 56.22%. The firm had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $103.82 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year.

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A number of other analysts also recently issued reports on the company. Citigroup Inc. restated a “neutral” rating and issued a $50.00 price target (up from $46.00) on shares of Valero Energy Partners in a research report on Saturday, April 22nd. Scotiabank restated a “buy” rating and issued a $51.00 price target on shares of Valero Energy Partners in a research report on Thursday, March 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price target on shares of Valero Energy Partners in a research report on Friday, March 17th. Barclays PLC restated an “overweight” rating and issued a $55.00 price target on shares of Valero Energy Partners in a research report on Tuesday, May 2nd. Finally, ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $53.78.

Valero Energy Partners (NYSE VLP) opened at 47.04 on Friday. Valero Energy Partners has a 52 week low of $38.90 and a 52 week high of $51.00. The company has a 50 day moving average of $44.97 and a 200 day moving average of $46.54. The stock has a market capitalization of $3.21 billion, a P/E ratio of 15.70 and a beta of 0.75.

A number of hedge funds have recently added to or reduced their stakes in VLP. Creative Planning raised its stake in Valero Energy Partners by 26.9% in the second quarter. Creative Planning now owns 10,697 shares of the pipeline company’s stock worth $488,000 after buying an additional 2,270 shares during the last quarter. Bank of Montreal Can acquired a new stake in Valero Energy Partners during the second quarter worth $593,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Valero Energy Partners during the first quarter worth $522,000. Driehaus Capital Management LLC raised its stake in Valero Energy Partners by 157.0% in the first quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after buying an additional 51,486 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Valero Energy Partners by 0.8% in the first quarter. HighTower Advisors LLC now owns 103,845 shares of the pipeline company’s stock worth $4,976,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 31.93% 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 pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

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

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