Global X Management Co. LLC boosted its stake in shares of Valero Energy Partners LP (NYSE:VLP) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,376 shares of the pipeline company’s stock after buying an additional 2,191 shares during the period. Global X Management Co. LLC owned approximately 0.25% of Valero Energy Partners worth $7,804,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position 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 buying an additional 300 shares in the last quarter. Alliancebernstein L.P. increased its position 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 buying an additional 307 shares in the last quarter. IFG Advisory LLC bought a new position in Valero Energy Partners during the 4th quarter valued at approximately $253,000. Bank of New York Mellon Corp increased its position 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 buying an additional 3,303 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Valero Energy Partners by 56.0% during the 2nd quarter. California Public Employees Retirement System now owns 11,700 shares of the pipeline company’s stock valued at $534,000 after buying an additional 4,200 shares in the last quarter. 29.21% of the stock is owned by institutional investors.
A number of analysts have commented on VLP shares. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. Mizuho set a $53.00 target price on Valero Energy Partners and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Credit Suisse Group started coverage on Valero Energy Partners in a report on Thursday, January 4th. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Barclays lowered Valero Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $50.00 to $49.00 in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Valero Energy Partners presently has a consensus rating of “Hold” and an average target price of $50.56.
Shares of Valero Energy Partners LP (NYSE:VLP) opened at $40.53 on Friday. The company has a market capitalization of $2,893.90, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.65. Valero Energy Partners LP has a fifty-two week low of $39.49 and a fifty-two week high of $50.93. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 5.05.
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $123.24 million. Valero Energy Partners had a return on equity of 158.05% and a net margin of 52.75%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. sell-side analysts expect that Valero Energy Partners LP will post 2.94 earnings per share for the current year.
The company also recently declared a dividend, which was paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th were paid a $0.5075 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a dividend yield of 0.0109210243167635%. Valero Energy Partners’s dividend payout ratio (DPR) is currently 73.29%.
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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. 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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