Valero Energy Partners (VLP) Given New $41.00 Price Target at Barclays

Valero Energy Partners (NYSE:VLP) had its price objective reduced by Barclays from $47.00 to $41.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays’ price objective would suggest a potential upside of 0.49% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of Valero Energy Partners from $46.50 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, March 27th. Mizuho dropped coverage on shares of Valero Energy Partners in a research report on Monday, March 26th. JPMorgan Chase reissued an “overweight” rating and issued a $50.00 price target (down previously from $54.00) on shares of Valero Energy Partners in a research report on Tuesday, March 13th. TheStreet downgraded shares of Valero Energy Partners from a “b” rating to a “c+” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.40.

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Shares of VLP stock opened at $40.80 on Tuesday. The company has a market cap of $2,846.08, a PE ratio of 14.54, a P/E/G ratio of 1.29 and a beta of 0.83. Valero Energy Partners has a 52 week low of $33.25 and a 52 week high of $48.66. The company has a debt-to-equity ratio of 6.20, a current ratio of 2.70 and a quick ratio of 2.70.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $123.24 million. Valero Energy Partners had a return on equity of 144.86% and a net margin of 52.75%. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. sell-side analysts expect that Valero Energy Partners will post 2.84 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Valero Energy Partners by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,595,540 shares of the pipeline company’s stock worth $204,501,000 after acquiring an additional 53,826 shares during the last quarter. Chickasaw Capital Management LLC boosted its holdings in Valero Energy Partners by 3.8% during the 4th quarter. Chickasaw Capital Management LLC now owns 1,557,987 shares of the pipeline company’s stock worth $69,330,000 after acquiring an additional 56,425 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in Valero Energy Partners by 31.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 342,168 shares of the pipeline company’s stock worth $14,960,000 after acquiring an additional 82,320 shares during the last quarter. Dividend Assets Capital LLC boosted its holdings in Valero Energy Partners by 6.2% during the 4th quarter. Dividend Assets Capital LLC now owns 206,645 shares of the pipeline company’s stock worth $9,195,000 after acquiring an additional 12,100 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Valero Energy Partners by 7.8% during the 4th quarter. Wells Fargo & Company MN now owns 190,544 shares of the pipeline company’s stock worth $8,479,000 after acquiring an additional 13,756 shares during the last quarter. 29.16% of the stock is currently owned by hedge funds and other institutional investors.

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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 in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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