Global X Management Co LLC lessened its stake in shares of Valero Energy Partners LP (NYSE:VLP) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,984 shares of the pipeline company’s stock after selling 2,726 shares during the quarter. Global X Management Co LLC owned about 0.30% of Valero Energy Partners worth $7,956,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VLP. Wells Fargo & Company MN raised its position in Valero Energy Partners by 12.0% in the 1st quarter. Wells Fargo & Company MN now owns 213,430 shares of the pipeline company’s stock valued at $7,562,000 after purchasing an additional 22,886 shares during the last quarter. BlackRock Inc. boosted its position in shares of Valero Energy Partners by 8.4% in the 1st quarter. BlackRock Inc. now owns 238,549 shares of the pipeline company’s stock worth $8,452,000 after buying an additional 18,554 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Valero Energy Partners by 14.4% in the 1st quarter. California Public Employees Retirement System now owns 14,225 shares of the pipeline company’s stock worth $504,000 after buying an additional 1,786 shares in the last quarter. Tiedemann Advisors LLC boosted its position in shares of Valero Energy Partners by 10.0% in the 1st quarter. Tiedemann Advisors LLC now owns 52,405 shares of the pipeline company’s stock worth $1,856,000 after buying an additional 4,760 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Valero Energy Partners in the 1st quarter worth about $850,000. Institutional investors and hedge funds own 28.00% of the company’s stock.

Several equities research analysts recently commented on VLP shares. Wells Fargo & Co decreased their price objective on shares of Valero Energy Partners from $43.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. ValuEngine lowered shares of Valero Energy Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. Credit Suisse Group initiated coverage on shares of Valero Energy Partners in a report on Thursday. They set a “neutral” rating and a $40.00 price objective on the stock. US Capital Advisors lowered shares of Valero Energy Partners from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. Finally, Morgan Stanley cut their price objective on shares of Valero Energy Partners from $45.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, August 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Valero Energy Partners has an average rating of “Hold” and an average price target of $45.41.

NYSE:VLP traded down $0.17 during trading hours on Friday, hitting $38.90. The stock had a trading volume of 295,592 shares, compared to its average volume of 133,969. Valero Energy Partners LP has a 1-year low of $33.25 and a 1-year high of $48.66. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 4.99. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Valero Energy Partners had a net margin of 46.87% and a return on equity of 108.14%. The business had revenue of $134.63 million during 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 quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Partners LP will post 2.78 earnings per share for the current year.

Valero Energy Partners 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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Institutional Ownership by Quarter for Valero Energy Partners (NYSE:VLP)

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