Valero Energy Partners (VLP) Expected to Announce Quarterly Sales of $128.08 Million

Wall Street brokerages expect that Valero Energy Partners (NYSE:VLP) will post sales of $128.08 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Valero Energy Partners’ earnings. The highest sales estimate is $131.52 million and the lowest is $125.09 million. Valero Energy Partners posted sales of $105.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 21%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.

On average, analysts expect that Valero Energy Partners will report full year sales of $560.19 million for the current fiscal year, with estimates ranging from $526.30 million to $582.83 million. For the next financial year, analysts expect that the firm will report sales of $676.62 million per share, with estimates ranging from $540.10 million to $806.76 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings data on Friday, February 2nd. The pipeline company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 144.86% and a net margin of 52.75%. The company had revenue of $126.30 million during the quarter, compared to the consensus estimate of $123.24 million. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Valero Energy Partners in a research note on Thursday. They issued a “buy” rating and a $46.00 price target for the company. Barclays decreased their price target on shares of Valero Energy Partners from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, February 5th. JPMorgan Chase reiterated an “overweight” rating and issued a $50.00 price target (down from $54.00) on shares of Valero Energy Partners in a research note on Tuesday, March 13th. TheStreet lowered shares of Valero Energy Partners from a “b” rating to a “c+” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada decreased their price target 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.18.

A number of hedge funds have recently made changes to their positions in the stock. Green Square Capital LLC purchased a new stake in Valero Energy Partners during the 4th quarter valued at about $2,394,000. Yorkville Capital Management LLC purchased a new stake in Valero Energy Partners during the 4th quarter valued at about $1,384,000. Brookfield Asset Management Inc. purchased a new stake in Valero Energy Partners during the 4th quarter valued at about $1,670,000. Glenmede Trust Co. NA grew its position in Valero Energy Partners by 4,400.0% during 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. Finally, Cypress Wealth Advisors LLC purchased a new stake in Valero Energy Partners during the 4th quarter valued at about $712,000. 29.16% of the stock is currently owned by institutional investors.

NYSE VLP traded up $0.03 during trading on Tuesday, hitting $40.68. The company had a trading volume of 89,827 shares, compared to its average volume of 131,411. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 6.20. Valero Energy Partners has a one year low of $33.25 and a one year high of $48.66. The firm has a market capitalization of $2,875.06, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Tuesday, May 1st will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 5.19%. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, April 30th. Valero Energy Partners’s dividend payout ratio is 73.29%.

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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.

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Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

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