Valero Energy Partners LP (VLP) Rating Reiterated by Royal Bank of Canada

Valero Energy Partners LP (NYSE:VLP)‘s stock had its “buy” rating restated by stock analysts at Royal Bank of Canada in a research report issued on Friday. They currently have a $62.00 price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 33.33% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC cut shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Barclays PLC reissued an “overweight” rating and issued a $55.00 target price on shares of Valero Energy Partners in a research note on Monday, February 6th. Scotiabank reissued a “buy” rating and issued a $51.00 target price on shares of Valero Energy Partners in a research note on Monday, February 6th. TheStreet raised shares of Valero Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, January 30th. Finally, Zacks Investment Research cut shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.45.

Analyst Recommendations for Valero Energy Partners (NYSE:VLP)

Valero Energy Partners (NYSE:VLP) opened at 46.50 on Friday. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.69. The firm has a market capitalization of $3.14 billion, a PE ratio of 17.06 and a beta of 0.77. The company’s 50-day moving average is $48.70 and its 200 day moving average is $44.12.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.08. The company earned $104.15 million during the quarter, compared to analysts’ expectations of $101.32 million. Valero Energy Partners had a net margin of 56.33% and a return on equity of 116.22%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. On average, equities analysts expect that Valero Energy Partners will post $2.98 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. FFT Wealth Management LLC boosted its position in Valero Energy Partners by 100.0% in the fourth quarter. FFT Wealth Management LLC now owns 17,092 shares of the company’s stock valued at $757,000 after buying an additional 8,546 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in shares of Valero Energy Partners by 0.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,575 shares of the company’s stock valued at $335,000 after buying an additional 50 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Valero Energy Partners by 151.5% in the fourth quarter. Guggenheim Capital LLC now owns 21,509 shares of the company’s stock valued at $953,000 after buying an additional 12,958 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Valero Energy Partners by 2.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 219,951 shares of the company’s stock valued at $9,737,000 after buying an additional 4,439 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Valero Energy Partners by 265.6% in the fourth quarter. Renaissance Technologies LLC now owns 99,442 shares of the company’s stock valued at $4,402,000 after buying an additional 72,242 shares in the last quarter. 30.36% of the stock is owned by institutional investors and hedge funds.

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 pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St.

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