Valero Energy Partners LP (NYSE:VLP) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,055,074 shares, an increase of 59.0% from the August 15th total of 663,535 shares. Based on an average daily volume of 113,060 shares, the short-interest ratio is presently 9.3 days. Currently, 5.0% of the shares of the company are sold short.

Valero Energy Partners (NYSE:VLP) opened at 41.35 on Monday. The firm has a 50-day moving average of $41.79 and a 200 day moving average of $45.13. The company has a market capitalization of $2.73 billion, a P/E ratio of 16.78 and a beta of 0.71. Valero Energy Partners has a one year low of $37.96 and a one year high of $53.25.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. Valero Energy Partners had a net margin of 54.83% and a return on equity of 57.89%. The firm earned $88 million during the quarter, compared to analysts’ expectations of $85.21 million. During the same period in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 45.7% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Partners will post $2.62 EPS for the current fiscal year.

Several research firms recently commented on VLP. Credit Suisse Group AG set a $55.00 price objective on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Morgan Stanley set a $58.00 price objective on shares of Valero Energy Partners and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Jefferies Group began coverage on shares of Valero Energy Partners in a report on Tuesday, August 23rd. They issued a “buy” rating and a $53.00 price objective for the company. Barclays PLC cut their price objective on shares of Valero Energy Partners from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, August 8th. Finally, Mitsubishi UFJ Financial Group raised shares of Valero Energy Partners from a “neutral” rating to an “overweight” rating in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.55.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in Valero Energy Partners by 2.7% in the second quarter. Raymond James & Associates now owns 4,595 shares of the company’s stock valued at $216,000 after buying an additional 119 shares during the last quarter. Signaturefd LLC boosted its position in Valero Energy Partners by 4.5% in the second quarter. Signaturefd LLC now owns 3,475 shares of the company’s stock valued at $163,000 after buying an additional 150 shares during the last quarter. US Bancorp DE boosted its position in Valero Energy Partners by 4.7% in the second quarter. US Bancorp DE now owns 3,544 shares of the company’s stock valued at $167,000 after buying an additional 160 shares during the last quarter. Capital One National Association boosted its position in Valero Energy Partners by 4.0% in the second quarter. Capital One National Association now owns 4,574 shares of the company’s stock valued at $215,000 after buying an additional 174 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Valero Energy Partners by 1.5% in the first quarter. Nuveen Asset Management LLC now owns 23,388 shares of the company’s stock valued at $1,108,000 after buying an additional 339 shares during the last quarter. 30.97% of the stock is owned by hedge funds and other institutional investors.

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. 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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