Global X MANAGEMENT CO LLC increased its position in Valero Energy Partners LP (NYSE:VLP) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,185 shares of the pipeline company’s stock after buying an additional 3,862 shares during the quarter. Global X MANAGEMENT CO LLC owned 0.25% of Valero Energy Partners worth $7,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Valero Energy Partners by 471.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after buying an additional 2,120 shares during the period. Sei Investments Co. acquired a new stake in Valero Energy Partners during the 2nd quarter valued at approximately $197,000. Proficio Capital Partners LLC acquired a new stake in Valero Energy Partners during the 2nd quarter valued at approximately $221,000. Alliancebernstein L.P. bought a new position in shares of Valero Energy Partners during the 1st quarter worth approximately $248,000. Finally, Botty Investors LLC boosted its holdings in shares of Valero Energy Partners by 821.2% during the 2nd quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock worth $262,000 after buying an additional 5,116 shares in the last quarter. 30.16% of the stock is owned by institutional investors.
VLP has been the topic of a number of research analyst reports. ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Scotiabank set a $51.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research cut Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub cut Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and cut their target price for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.00.
Shares of Valero Energy Partners LP (NYSE:VLP) traded up $0.01 during trading on Monday, hitting $40.72. The stock had a trading volume of 81,400 shares, compared to its average volume of 105,564. Valero Energy Partners LP has a 1 year low of $38.95 and a 1 year high of $51.00. The stock has a market cap of $2,832.69, a price-to-earnings ratio of 14.39, a PEG ratio of 1.12 and a beta of 0.73. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05.
Valero Energy Partners (NYSE:VLP) last announced its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.03). Valero Energy Partners had a net margin of 54.43% and a return on equity of 184.08%. The business had revenue of $109.00 million for the quarter, compared to analysts’ expectations of $111.09 million. During the same period in the prior year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. equities analysts forecast that Valero Energy Partners LP will post 2.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Wednesday, November 1st were paid a $0.48 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.92 annualized dividend and a yield of 4.72%. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. Valero Energy Partners’s dividend payout ratio (DPR) is currently 67.84%.
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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. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.
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