BP Capital Fund Advisors LLC lessened its stake in Valero Energy Partners (NYSE:VLP) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,386 shares of the pipeline company’s stock after selling 1,431 shares during the quarter. Valero Energy Partners comprises about 2.3% of BP Capital Fund Advisors LLC’s holdings, making the stock its 10th largest holding. BP Capital Fund Advisors LLC owned 0.21% of Valero Energy Partners worth $5,293,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in Valero Energy Partners by 1.2% in the fourth 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 period. Wells Fargo & Company MN grew its position in Valero Energy Partners by 12.0% in the first quarter. Wells Fargo & Company MN now owns 213,430 shares of the pipeline company’s stock worth $7,562,000 after acquiring an additional 22,886 shares during the period. Global X Management Co. LLC grew its position in Valero Energy Partners by 20.7% in the first quarter. Global X Management Co. LLC now owns 211,710 shares of the pipeline company’s stock worth $7,501,000 after acquiring an additional 36,334 shares during the period. Dividend Assets Capital LLC grew its position in Valero Energy Partners by 6.2% in the fourth 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 period. Finally, NBW Capital LLC grew its position in Valero Energy Partners by 6.7% in the fourth quarter. NBW Capital LLC now owns 174,377 shares of the pipeline company’s stock worth $7,760,000 after acquiring an additional 10,950 shares during the period. 29.29% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Partners opened at $40.41 on Friday, MarketBeat.com reports. Valero Energy Partners has a 1-year low of $40.00 and a 1-year high of $40.17. The company has a debt-to-equity ratio of 5.48, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.31 and a beta of 0.81.
Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Thursday, April 26th. The pipeline company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.03. Valero Energy Partners had a return on equity of 119.63% and a net margin of 48.07%. The company had revenue of $131.94 million for the quarter, compared to analysts’ expectations of $129.53 million. During the same period last year, the firm earned $0.72 earnings per share. Valero Energy Partners’s quarterly revenue was up 24.7% on a year-over-year basis. analysts anticipate that Valero Energy Partners will post 2.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 9th. Shareholders of record on Tuesday, May 1st were paid a $0.5275 dividend. The ex-dividend date was Monday, April 30th. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.51. This represents a $2.11 dividend on an annualized basis and a yield of 5.22%. Valero Energy Partners’s dividend payout ratio (DPR) is currently 76.17%.
Several research analysts have recently commented on the company. Deutsche Bank assumed coverage on Valero Energy Partners in a research report on Thursday, April 19th. They set a “buy” rating and a $46.00 price target for the company. Barclays lowered their price target on Valero Energy Partners from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, February 5th. JPMorgan Chase restated an “overweight” rating and set a $50.00 price target (down from $54.00) on shares of Valero Energy Partners in a research report on Tuesday, March 13th. TheStreet lowered Valero Energy Partners from a “b” rating to a “c+” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lowered their price target on Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Valero Energy Partners currently has a consensus rating of “Hold” and an average price target of $48.32.
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 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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