Valero Energy Partners (VLP) Sees Large Volume Increase

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Valero Energy Partners LP (NYSE:VLP) shares saw an uptick in trading volume on Friday . 1,542,312 shares traded hands during mid-day trading, an increase of 992% from the previous session’s volume of 141,202 shares.The stock last traded at $42.57 and had previously closed at $39.85.

Several brokerages have recently commented on VLP. SunTrust Banks lowered Valero Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James restated a “market perform” rating on shares of Valero Energy Partners in a research report on Friday. Royal Bank of Canada restated a “sector perform” rating on shares of Valero Energy Partners in a research report on Friday. Morgan Stanley reduced their price objective on Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, August 17th. Finally, ValuEngine upgraded Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.41.

The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 4.99. The stock has a market capitalization of $2.78 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. The company had revenue of $134.63 million during the quarter, compared to analyst estimates of $132.71 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts expect that Valero Energy Partners LP will post 2.81 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of VLP. GSA Capital Partners LLP bought a new stake in shares of Valero Energy Partners in the 1st quarter worth $202,000. Raymond James & Associates acquired a new stake in shares of Valero Energy Partners during the second quarter worth $218,000. Keybank National Association OH acquired a new stake in shares of Valero Energy Partners during the second quarter worth $220,000. Bank of New York Mellon Corp raised its position in shares of Valero Energy Partners by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 11,346 shares of the pipeline company’s stock worth $432,000 after purchasing an additional 1,819 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of 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 worth $504,000 after purchasing an additional 1,786 shares during the period. 28.00% of the stock is currently owned by institutional investors.

Valero Energy Partners Company Profile (NYSE:VLP)

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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