Valero Energy Partners LP (VLP) Given Consensus Recommendation of “Buy” by Brokerages

Valero Energy Partners LP (NYSE:VLP) has been assigned a consensus rating of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $54.83.

Several brokerages have recently issued reports on VLP. ValuEngine cut Valero Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. reissued a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. Barclays PLC reissued an “overweight” rating and issued a $55.00 price objective on shares of Valero Energy Partners in a report on Tuesday, May 2nd. Scotiabank reissued a “buy” rating and issued a $51.00 price objective on shares of Valero Energy Partners in a report on Thursday, April 27th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $62.00 price objective on shares of Valero Energy Partners in a report on Friday, April 21st.

Institutional investors have recently made changes to their positions in the stock. LVW Advisors LLC raised its position in shares of Valero Energy Partners by 0.7% in the fourth quarter. LVW Advisors LLC now owns 6,775 shares of the pipeline company’s stock valued at $300,000 after buying an additional 50 shares in the last quarter. Cypress Wealth Advisors LLC raised its position in shares of Valero Energy Partners by 0.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,575 shares of the pipeline company’s stock valued at $335,000 after buying an additional 50 shares in the last quarter. Balentine LLC raised its position in shares of Valero Energy Partners by 8.1% in the first quarter. Balentine LLC now owns 2,348 shares of the pipeline company’s stock valued at $112,000 after buying an additional 176 shares in the last quarter. Country Club Trust Company n.a. raised its position in shares of Valero Energy Partners by 2.5% in the first quarter. Country Club Trust Company n.a. now owns 11,957 shares of the pipeline company’s stock valued at $573,000 after buying an additional 289 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Valero Energy Partners by 0.8% in the first quarter. HighTower Advisors LLC now owns 103,845 shares of the pipeline company’s stock valued at $4,976,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 31.93% of the company’s stock.

Shares of Valero Energy Partners (NYSE VLP) traded up 2.14% during mid-day trading on Monday, reaching $42.98. The company’s stock had a trading volume of 309,805 shares. Valero Energy Partners has a 12-month low of $38.90 and a 12-month high of $51.00. The firm has a market cap of $2.93 billion, a P/E ratio of 14.35 and a beta of 0.75. The firm’s 50-day moving average price is $45.44 and its 200 day moving average price is $46.23.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, April 28th. The pipeline company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $105.80 million for the quarter, compared to analyst estimates of $103.82 million. Valero Energy Partners had a return on equity of 226.35% and a net margin of 56.22%. The business’s revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, analysts expect that Valero Energy Partners will post $3.15 EPS for the current year.

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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. 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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