Valero Energy Partners LP (VLP) Given Average Recommendation of “Hold” by Brokerages
Valero Energy Partners LP (NYSE:VLP) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $53.14.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. BidaskClub lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $50.00 target price on shares of Valero Energy Partners in a research note on Wednesday, October 18th.
Valero Energy Partners (NYSE:VLP) traded up $0.01 during midday trading on Monday, hitting $40.72. The stock had a trading volume of 81,400 shares, compared to its average volume of 105,564. Valero Energy Partners has a 12 month low of $38.95 and a 12 month high of $51.00. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $2,832.69, a price-to-earnings ratio of 14.39, a PEG ratio of 1.12 and a beta of 0.73.
Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The company had revenue of $109.00 million during the quarter, compared to the consensus estimate of $111.09 million. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 18.5% on a year-over-year basis. sell-side analysts anticipate that Valero Energy Partners will post 2.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Wednesday, November 1st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, October 31st. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. Valero Energy Partners’s payout ratio is currently 67.84%.
A number of large investors have recently made changes to their positions in VLP. PNC Financial Services Group Inc. increased its holdings in Valero Energy Partners by 471.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 2,120 shares during the period. Sei Investments Co. purchased a new position in shares of Valero Energy Partners during the 2nd quarter worth approximately $197,000. Proficio Capital Partners LLC purchased a new position in shares of Valero Energy Partners during the 2nd quarter worth approximately $221,000. Alliancebernstein L.P. purchased a new position in shares of Valero Energy Partners during the 1st quarter worth approximately $248,000. Finally, Botty Investors LLC grew its holdings in shares of Valero Energy Partners by 821.2% during the 2nd quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock worth $262,000 after acquiring an additional 5,116 shares during the period. Institutional investors own 30.16% of the company’s stock.
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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.
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