Valero Energy Partners (NYSE:VLP) was downgraded by equities researchers at US Capital Advisors from an “overweight” rating to a “hold” rating in a report issued on Friday, The Fly reports.
Other analysts have also recently issued research reports about the company. ValuEngine cut Valero Energy Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Jefferies Financial Group reiterated a “$38.75” rating and set a $46.00 target price on shares of Valero Energy Partners in a research report on Wednesday, July 18th. Mitsubishi UFJ Financial Group cut Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. SunTrust Banks restated a “buy” rating and set a $46.00 price target on shares of Valero Energy Partners in a report on Monday, August 6th. Finally, Morgan Stanley cut their price target on Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $46.45.
NYSE VLP opened at $36.00 on Friday. The company has a debt-to-equity ratio of 4.99, a quick ratio of 4.07 and a current ratio of 4.07. Valero Energy Partners has a 52 week low of $33.25 and a 52 week high of $48.66. The stock has a market capitalization of $2.56 billion, a PE ratio of 13.00, a P/E/G ratio of 1.63 and a beta of 0.77.
Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings data on Thursday, July 26th. The pipeline company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. The firm had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. During the same quarter last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. equities analysts predict that Valero Energy Partners will post 2.78 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new position in shares of Valero Energy Partners in the 1st quarter worth $151,000. GSA Capital Partners LLP purchased a new stake in shares of Valero Energy Partners in the first quarter worth about $202,000. Raymond James & Associates purchased a new stake in shares of Valero Energy Partners in the second quarter worth about $218,000. Keybank National Association OH purchased a new stake in shares of Valero Energy Partners in the second quarter worth about $220,000. Finally, Botty Investors LLC boosted its stake in shares of Valero Energy Partners by 588.5% in the first quarter. Botty Investors LLC now owns 5,859 shares of the pipeline company’s stock worth $208,000 after buying an additional 5,008 shares during the last quarter. 28.00% of the stock is owned by hedge funds and other institutional investors.
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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