Valero Energy Partners (VLP) Receives Consensus Recommendation of “Hold” from Analysts

Valero Energy Partners (NYSE:VLP) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $48.67.

A number of research firms have recently commented on VLP. Barclays cut shares of Valero Energy Partners from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $50.00 to $49.00 in a research note on Wednesday, January 17th. Zacks Investment Research cut shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Credit Suisse Group began coverage on shares of Valero Energy Partners in a research note on Thursday, January 4th. They set a “neutral” rating and a $47.00 target price for the company. SunTrust Banks set a $50.00 target price on shares of Valero Energy Partners and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada cut their target price on shares of Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research note on Tuesday, February 6th.

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Shares of VLP stock traded up $0.58 on Thursday, reaching $40.85. 80,895 shares of the company were exchanged, compared to its average volume of 124,506. The stock has a market capitalization of $2,757.74, a P/E ratio of 14.88, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 6.20. Valero Energy Partners has a 1 year low of $33.25 and a 1 year high of $48.66.

Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $123.24 million. Valero Energy Partners had a return on equity of 144.86% 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 prior year, the firm earned $0.77 EPS. analysts expect that Valero Energy Partners will post 2.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC purchased a new stake in Valero Energy Partners during the 4th quarter valued at about $125,000. Glenmede Trust Co. NA boosted its holdings in Valero Energy Partners by 4,400.0% in the 4th quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock valued at $200,000 after purchasing an additional 4,400 shares during the last quarter. Raymond James & Associates acquired a new position in Valero Energy Partners in the 4th quarter valued at about $203,000. Ferris Capital LLC acquired a new position in Valero Energy Partners in the 4th quarter valued at about $299,000. Finally, IFG Advisory LLC acquired a new position in Valero Energy Partners in the 4th quarter valued at about $253,000. 29.16% of the stock is owned by 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.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

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