Valero Energy Partners (NYSE:VLP) had its price objective dropped by analysts at Morgan Stanley from $45.00 to $42.00 in a report issued on Friday. The firm presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s target price suggests a potential upside of 15.77% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a “$38.75” rating and set a $46.00 price objective on shares of Valero Energy Partners in a report on Wednesday, July 18th. SunTrust Banks reissued a “buy” rating and issued a $46.00 target price on shares of Valero Energy Partners in a report on Monday, August 6th. ValuEngine raised Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. JPMorgan Chase & Co. downgraded Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Friday, August 24th. Finally, Mitsubishi UFJ Financial Group downgraded Valero Energy Partners from an “overweight” rating to a “neutral” rating in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.45.

NYSE VLP traded down $0.12 during trading on Friday, reaching $36.28. 1,000 shares of the company traded hands, compared to its average volume of 162,606. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 4.99. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.64 and a beta of 0.82. Valero Energy Partners has a 1-year low of $33.25 and a 1-year high of $48.66.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. analysts predict that Valero Energy Partners will post 2.78 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of VLP. Signaturefd LLC bought a new position in Valero Energy Partners in the 1st quarter worth approximately $151,000. GSA Capital Partners LLP bought a new stake in shares of Valero Energy Partners during the 1st quarter valued at $202,000. Botty Investors LLC raised its position in shares of Valero Energy Partners by 588.5% during the 1st quarter. Botty Investors LLC now owns 5,859 shares of the pipeline company’s stock valued at $208,000 after acquiring an additional 5,008 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Valero Energy Partners during the 2nd quarter valued at $218,000. Finally, Keybank National Association OH bought a new stake in shares of Valero Energy Partners during the 2nd quarter valued at $220,000. Hedge funds and other institutional investors own 28.00% of the company’s stock.

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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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