Valero Energy Partners LP (NYSE:VLP) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its position in Valero Energy Partners LP (NYSE:VLP) by 56.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,700 shares of the pipeline company’s stock after buying an additional 4,200 shares during the period. California Public Employees Retirement System’s holdings in Valero Energy Partners were worth $534,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. lifted its position in shares of Valero Energy Partners by 0.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,708,482 shares of the pipeline company’s stock worth $260,535,000 after buying an additional 30,024 shares in the last quarter. Global X Management Co. LLC raised its position in Valero Energy Partners by 6.1% during the second quarter. Global X Management Co. LLC now owns 169,323 shares of the pipeline company’s stock valued at $7,728,000 after purchasing an additional 9,688 shares during the period. Samson Capital Management LLC raised its position in Valero Energy Partners by 0.3% during the second quarter. Samson Capital Management LLC now owns 163,362 shares of the pipeline company’s stock valued at $7,456,000 after purchasing an additional 443 shares during the period. Renaissance Technologies LLC raised its position in Valero Energy Partners by 14.1% during the first quarter. Renaissance Technologies LLC now owns 113,478 shares of the pipeline company’s stock valued at $5,437,000 after purchasing an additional 14,036 shares during the period. Finally, Credit Suisse AG raised its position in Valero Energy Partners by 136.4% during the first quarter. Credit Suisse AG now owns 83,660 shares of the pipeline company’s stock valued at $4,008,000 after purchasing an additional 48,273 shares during the period. Institutional investors own 29.22% of the company’s stock.

Shares of Valero Energy Partners LP (NYSE:VLP) traded down $1.17 during midday trading on Wednesday, hitting $40.63. The stock had a trading volume of 92,181 shares, compared to its average volume of 104,531. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26. Valero Energy Partners LP has a 12-month low of $39.02 and a 12-month high of $51.00. The stock has a market capitalization of $2,950.00, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results 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). Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The business had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $111.09 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. research analysts expect that Valero Energy Partners LP will post 2.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Wednesday, November 1st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.73%. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, October 31st. Valero Energy Partners’s dividend payout ratio is presently 67.84%.

A number of brokerages have issued reports on VLP. Citigroup restated a “neutral” rating and set a $50.00 price objective on shares of Valero Energy Partners in a research report on Wednesday, October 18th. ValuEngine downgraded Valero Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and decreased their price objective for the company from $51.00 to $50.00 in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Mizuho set a $53.00 price objective on Valero Energy Partners and gave the company a “buy” rating in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Valero Energy Partners has an average rating of “Hold” and a consensus price target of $53.00.

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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.

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

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