Valero Energy Partners (NYSE:VLP) had its price target dropped by stock analysts at Morgan Stanley from $46.00 to $45.00 in a research report issued on Friday. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s price target would indicate a potential upside of 10.95% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Deutsche Bank began coverage on shares of Valero Energy Partners in a report on Thursday, April 19th. They set a “buy” rating and a $46.00 target price on the stock. SunTrust Banks restated a “buy” rating and set a $46.00 target price on shares of Valero Energy Partners in a report on Monday, August 6th. Mitsubishi UFJ Financial Group downgraded shares of Valero Energy Partners from an “overweight” rating to a “neutral” rating in a report on Thursday, July 26th. Finally, Jefferies Financial Group restated a “$38.75” rating and set a $46.00 target price on shares of Valero Energy Partners in a report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.75.
VLP traded up $0.12 during trading on Friday, reaching $40.56. 3,646 shares of the stock were exchanged, compared to its average volume of 119,801. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.87 and a beta of 0.82. Valero Energy Partners has a twelve month low of $33.25 and a twelve month high of $48.66. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 4.99.
Valero Energy Partners (NYSE:VLP) last issued its earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. Valero Energy Partners had a net margin of 46.87% and a return on equity of 108.14%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. research analysts forecast that Valero Energy Partners will post 2.78 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in Valero Energy Partners during the first quarter worth $151,000. GSA Capital Partners LLP bought a new position in Valero Energy Partners during the first quarter worth $202,000. Raymond James & Associates bought a new position in Valero Energy Partners during the fourth quarter worth $203,000. Botty Investors LLC boosted its position in Valero Energy Partners by 588.5% during the first quarter. Botty Investors LLC now owns 5,859 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 5,008 shares during the period. Finally, Keybank National Association OH bought a new position in Valero Energy Partners during the second quarter worth $220,000. 27.87% of the stock is owned by hedge funds and other institutional investors.
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 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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