Valero Energy Partners LP (VLP) Expected to Announce Quarterly Sales of $130.09 Million
Analysts expect Valero Energy Partners LP (NYSE:VLP) to report sales of $130.09 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Valero Energy Partners’ earnings, with estimates ranging from $126.40 million to $134.58 million. Valero Energy Partners reported sales of $105.82 million in the same quarter last year, which indicates a positive year over year growth rate of 22.9%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that Valero Energy Partners will report full year sales of $130.09 million for the current fiscal year, with estimates ranging from $526.30 million to $587.38 million. For the next financial year, analysts anticipate that the business will post sales of $682.28 million per share, with estimates ranging from $540.10 million to $806.94 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last issued its earnings results on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 144.86% and a net margin of 52.75%. The company had revenue of $126.30 million during the quarter, compared to analyst estimates of $123.24 million. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. Green Square Capital LLC acquired a new stake in Valero Energy Partners during the 4th quarter valued at $2,394,000. Yorkville Capital Management LLC acquired a new stake in Valero Energy Partners during the 4th quarter valued at $1,384,000. Brookfield Asset Management Inc. acquired a new stake in Valero Energy Partners during the 4th quarter valued at $1,670,000. Glenmede Trust Co. NA increased its holdings in Valero Energy Partners by 4,400.0% during the 4th quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock valued at $200,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Cypress Wealth Advisors LLC acquired a new stake in Valero Energy Partners during the 4th quarter valued at $712,000. 29.25% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Partners (NYSE:VLP) opened at $38.34 on Wednesday. Valero Energy Partners has a twelve month low of $38.02 and a twelve month high of $48.90. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 6.20. The stock has a market capitalization of $2,720.00, a P/E ratio of 13.79, a PEG ratio of 1.19 and a beta of 0.78.
The firm also recently declared a dividend, which was paid on Tuesday, February 13th. Investors of record on Monday, February 5th were issued a dividend of $0.5075 per share. The ex-dividend date was Friday, February 2nd. This represents a yield of 0.0109210243167635%. Valero Energy Partners’s dividend payout ratio is 73.02%.
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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 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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