Valero Energy Partners LP (NYSE:VLP) – Analysts at Jefferies Financial Group issued their Q3 2018 earnings estimates for Valero Energy Partners in a report released on Tuesday, October 16th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Sighinolfi anticipates that the pipeline company will earn $0.68 per share for the quarter. Jefferies Financial Group currently has a “$38.75” rating and a $46.00 target price on the stock. Jefferies Financial Group also issued estimates for Valero Energy Partners’ Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $2.89 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.08 EPS, FY2019 earnings at $3.99 EPS, FY2020 earnings at $4.01 EPS, FY2021 earnings at $3.92 EPS and FY2022 earnings at $3.89 EPS.
A number of other analysts have also weighed in on VLP. ValuEngine upgraded shares of Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 25th. Mitsubishi UFJ Financial Group lowered shares of Valero Energy Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 26th. SunTrust Banks reiterated a “buy” rating and issued a $46.00 price objective on shares of Valero Energy Partners in a research note on Monday, August 6th. Morgan Stanley cut their price objective on shares of Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, August 17th. Finally, JPMorgan Chase & Co. lowered shares of Valero Energy Partners from an “overweight” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Friday, August 24th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Valero Energy Partners has an average rating of “Hold” and an average target price of $45.29.
Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Thursday, October 25th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07. The business had revenue of $140.59 million during the quarter, compared to analysts’ expectations of $137.85 million. Valero Energy Partners had a net margin of 43.11% and a return on equity of 94.57%.
Hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in Valero Energy Partners during the first quarter valued at $202,000. Raymond James & Associates acquired a new stake in Valero Energy Partners during the second quarter valued at $218,000. Keybank National Association OH acquired a new stake in Valero Energy Partners during the second quarter valued at $220,000. First National Trust Co acquired a new stake in Valero Energy Partners during the third quarter valued at $278,000. Finally, Bank of New York Mellon Corp lifted its holdings in 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 valued at $432,000 after purchasing an additional 1,819 shares in the last quarter. Institutional investors own 27.66% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Thursday, November 1st were given a dividend of $0.551 per share. The ex-dividend date was Wednesday, October 31st. This represents a $2.20 annualized dividend and a yield of 5.26%. Valero Energy Partners’s dividend payout ratio is presently 79.42%.
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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