Mitsubishi UFJ Financial Group Reaffirms Overweight Rating for Valero Energy Partners LP (VLP)

Mitsubishi UFJ Financial Group restated their overweight rating on shares of Valero Energy Partners LP (NYSE:VLP) in a research report sent to investors on Friday, October 27th.

VLP has been the subject of several other reports. Zacks Investment Research raised Valero Energy Partners from a sell rating to a hold rating in a research report on Friday, August 4th. BidaskClub cut Valero Energy Partners from a sell rating to a strong sell rating in a research report on Friday, August 4th. Jefferies Group LLC raised Valero Energy Partners from a hold rating to a buy rating and reduced their price target for the company from $51.00 to $50.00 in a research report on Wednesday, August 23rd. Finally, ValuEngine cut Valero Energy Partners from a buy rating to a hold rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $53.00.

Shares of Valero Energy Partners (NYSE VLP) opened at $40.72 on Friday. Valero Energy Partners has a fifty-two week low of $38.95 and a fifty-two week high of $51.00. The stock has a market capitalization of $2,832.69, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73. The company has a quick ratio of 5.60, a current ratio of 4.26 and a debt-to-equity ratio of 5.05.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings data on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.03). The firm had revenue of $109.00 million for the quarter, compared to analyst estimates of $111.09 million. Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. sell-side analysts predict that Valero Energy Partners will post 2.8 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Tuesday, October 31st. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.46. Valero Energy Partners’s dividend payout ratio (DPR) is 67.84%.

A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its holdings in shares of Valero Energy Partners by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,365 shares of the pipeline company’s stock valued at $473,000 after purchasing an additional 27 shares in the last quarter. CNH Partners LLC boosted its holdings in shares of Valero Energy Partners by 1.0% in the 2nd quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock valued at $471,000 after purchasing an additional 100 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Valero Energy Partners by 1.6% in the 2nd quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock valued at $683,000 after purchasing an additional 231 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Valero Energy Partners by 11.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock valued at $132,000 after purchasing an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Valero Energy Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock valued at $250,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 29.94% of the company’s stock.

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. 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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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