Valero Energy Partners LP (NYSE:VLP) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.05.

Several research firms have recently issued reports on VLP. ValuEngine downgraded Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Mitsubishi UFJ Financial Group downgraded Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 26th. Morgan Stanley decreased their price target on Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, August 17th. Jefferies Financial Group reiterated a “$38.75” rating and set a $46.00 price target on shares of Valero Energy Partners in a research note on Wednesday, July 18th. Finally, JPMorgan Chase & Co. downgraded Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Friday, August 24th.

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in Valero Energy Partners by 19.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,346 shares of the pipeline company’s stock valued at $432,000 after purchasing an additional 1,819 shares during the period. Tiedemann Advisors LLC boosted its stake in Valero Energy Partners by 6.6% during the 2nd quarter. Tiedemann Advisors LLC now owns 55,885 shares of the pipeline company’s stock valued at $2,127,000 after purchasing an additional 3,480 shares during the period. California Public Employees Retirement System boosted its stake in Valero Energy Partners by 34.9% during the 2nd quarter. California Public Employees Retirement System now owns 19,190 shares of the pipeline company’s stock valued at $731,000 after purchasing an additional 4,965 shares during the period. Raymond James & Associates bought a new stake in Valero Energy Partners during the 2nd quarter valued at approximately $218,000. Finally, FMR LLC boosted its stake in Valero Energy Partners by 42.9% during the 2nd quarter. FMR LLC now owns 138,900 shares of the pipeline company’s stock valued at $5,288,000 after purchasing an additional 41,700 shares during the period. Hedge funds and other institutional investors own 28.00% of the company’s stock.

Shares of VLP traded down $0.26 during trading hours on Friday, hitting $36.05. 2,990 shares of the company were exchanged, compared to its average volume of 166,788. The company has a market cap of $2.59 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.65 and a beta of 0.77. Valero Energy Partners has a 52 week low of $33.25 and a 52 week high of $48.66. 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 (NYSE:VLP) last released its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $134.63 million during 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 firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. research analysts predict that Valero Energy Partners will post 2.78 earnings per share for the current year.

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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Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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