Credit Suisse Group started coverage on shares of Valero Energy Partners (NYSE:VLP) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $47.00 target price on the pipeline company’s stock.
Other analysts also recently issued reports about the stock. Mizuho set a $53.00 target price on shares of Valero Energy Partners and gave the stock a buy rating in a report on Sunday, October 29th. Zacks Investment Research upgraded shares of Valero Energy Partners from a sell rating to a hold rating in a report on Friday, November 10th. Citigroup restated a neutral rating and issued a $50.00 target price on shares of Valero Energy Partners in a report on Wednesday, October 18th. Finally, Mitsubishi UFJ Financial Group restated an overweight rating on shares of Valero Energy Partners in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $52.50.
Valero Energy Partners (VLP) traded down $0.37 during trading on Thursday, hitting $45.37. 55,103 shares of the stock were exchanged, compared to its average volume of 114,322. Valero Energy Partners has a 12-month low of $39.52 and a 12-month high of $51.00. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $3,206.25, a P/E ratio of 16.03, a PEG ratio of 1.11 and a beta of 0.69.
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Friday, October 27th. The pipeline company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $111.09 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. sell-side analysts forecast that Valero Energy Partners will post 2.81 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in Valero Energy Partners by 11.7% during 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 during the last quarter. Sei Investments Co. bought a new position in Valero Energy Partners during the 2nd quarter valued at about $197,000. Alliancebernstein L.P. grew its holdings in Valero Energy Partners by 5.9% during 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in Valero Energy Partners by 53.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock valued at $435,000 after purchasing an additional 3,303 shares during the last quarter. Finally, CNH Partners LLC grew its holdings in Valero Energy Partners by 1.0% during 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 during the last quarter. Institutional investors own 29.22% of the company’s stock.
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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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