Dividend Assets Capital LLC lifted its position in Valero Energy Partners LP (NYSE:VLP) by 246.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,545 shares of the pipeline company’s stock after buying an additional 138,425 shares during the quarter. Dividend Assets Capital LLC owned about 0.28% of Valero Energy Partners worth $8,506,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VLP. PNC Financial Services Group Inc. boosted its position in Valero Energy Partners by 471.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock worth $124,000 after purchasing an additional 2,120 shares during the period. Sei Investments Co. bought a new stake in Valero Energy Partners during the second quarter worth approximately $197,000. Proficio Capital Partners LLC bought a new stake in Valero Energy Partners during the second quarter worth approximately $221,000. Alliancebernstein L.P. bought a new stake in Valero Energy Partners during the first quarter worth approximately $248,000. Finally, Botty Investors LLC boosted its position in Valero Energy Partners by 821.2% during the second quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock worth $262,000 after purchasing an additional 5,116 shares during the period. 30.16% of the stock is owned by institutional investors and hedge funds.
Shares of Valero Energy Partners LP (VLP) traded down $0.20 during mid-day trading on Tuesday, hitting $40.52. The stock had a trading volume of 48,900 shares, compared to its average volume of 105,305. Valero Energy Partners LP has a one year low of $39.00 and a one year high of $51.00. The firm has a market capitalization of $2,832.69, a price-to-earnings ratio of 14.39, a PEG ratio of 1.12 and a beta of 0.73. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 5.05.
Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). The business had revenue of $109.00 million for the quarter, compared to analyst estimates of $111.09 million. Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. equities analysts expect that Valero Energy Partners LP will post 2.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Wednesday, November 1st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.74%. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, October 31st. Valero Energy Partners’s dividend payout ratio is presently 67.84%.
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A number of equities research analysts have issued reports on VLP shares. ValuEngine raised Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Scotiabank set a $51.00 target price on Valero Energy Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and cut their price target for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Valero Energy Partners currently has an average rating of “Hold” and an average target price of $53.00.
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. 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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