Equities analysts forecast that Valero Energy Partners (NYSE:VLP) will report earnings per share (EPS) of $0.68 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Valero Energy Partners’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.73. Valero Energy Partners reported earnings per share of $0.69 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The company is expected to report its next quarterly earnings report on Friday, July 27th.
On average, analysts expect that Valero Energy Partners will report full-year earnings of $2.79 per share for the current year, with EPS estimates ranging from $2.44 to $2.97. For the next year, analysts anticipate that the business will report earnings of $3.10 per share, with EPS estimates ranging from $2.40 to $3.76. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Thursday, April 26th. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The firm had revenue of $131.94 million for the quarter, compared to analysts’ expectations of $129.53 million. Valero Energy Partners had a net margin of 48.07% and a return on equity of 119.63%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.
VLP has been the topic of several research analyst reports. Mizuho dropped coverage on shares of Valero Energy Partners in a report on Monday, March 26th. SunTrust Banks set a $48.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Sunday, April 22nd. Deutsche Bank assumed coverage on shares of Valero Energy Partners in a report on Thursday, April 19th. They issued a “buy” rating and a $46.00 price target on the stock. TheStreet cut Valero Energy Partners from a “b” rating to a “c+” rating in a research note on Friday, February 23rd. Finally, Barclays reduced their target price on Valero Energy Partners from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Valero Energy Partners currently has an average rating of “Hold” and a consensus price target of $48.32.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Valero Energy Partners by 13.5% in the first quarter. Alps Advisors Inc. now owns 12,539 shares of the pipeline company’s stock valued at $444,000 after acquiring an additional 1,496 shares during the last quarter. California Public Employees Retirement System boosted its position in Valero Energy Partners by 14.4% during the first quarter. California Public Employees Retirement System now owns 14,225 shares of the pipeline company’s stock valued at $504,000 after buying an additional 1,786 shares during the period. Global X Management Co. LLC boosted its position in Valero Energy Partners by 1.3% during the fourth quarter. Global X Management Co. LLC now owns 175,376 shares of the pipeline company’s stock valued at $7,804,000 after buying an additional 2,191 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in Valero Energy Partners by 36.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 8,297 shares of the pipeline company’s stock valued at $294,000 after buying an additional 2,197 shares during the period. Finally, Icon Wealth Partners LLC purchased a new stake in Valero Energy Partners during the fourth quarter valued at about $125,000. 29.60% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Partners stock opened at $41.25 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 14.89, a PEG ratio of 1.33 and a beta of 0.81. Valero Energy Partners has a fifty-two week low of $33.25 and a fifty-two week high of $48.66. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 5.48.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 9th. Investors of record on Tuesday, May 1st were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Monday, April 30th. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.51. Valero Energy Partners’s dividend payout ratio is currently 76.17%.
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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