Equities analysts expect that Valero Energy Partners LP (NYSE:VLP) will post sales of $114.13 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Valero Energy Partners’ earnings. The lowest sales estimate is $110.90 million and the highest is $121.20 million. Valero Energy Partners reported sales of $92.04 million in the same quarter last year, which indicates a positive year-over-year growth rate of 24%. The business is scheduled to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Valero Energy Partners will report full year sales of $114.13 million for the current financial year, with estimates ranging from $452.72 million to $458.80 million. For the next financial year, analysts anticipate that the business will post sales of $576.71 million per share, with estimates ranging from $501.10 million to $651.15 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by $0.03. The firm had revenue of $110.50 million during the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The company’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS.

Several research firms recently commented on VLP. BidaskClub downgraded shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, July 13th. ValuEngine raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Citigroup Inc. reissued a “buy” rating on shares of Valero Energy Partners in a report on Friday, May 26th. Finally, Jefferies Group LLC raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and cut their price target for the company from $51.00 to $50.00 in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Valero Energy Partners presently has an average rating of “Buy” and an average target price of $53.25.

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Valero Energy Partners (NYSE:VLP) traded down 0.12% during trading on Wednesday, reaching $42.84. The company’s stock had a trading volume of 6,935 shares. The firm’s 50-day moving average is $44.49 and its 200-day moving average is $46.24. The stock has a market cap of $2.92 billion, a P/E ratio of 14.19 and a beta of 0.74. Valero Energy Partners has a 52-week low of $38.90 and a 52-week high of $51.00.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.82 annualized dividend and a dividend yield of 4.24%. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.43. Valero Energy Partners’s dividend payout ratio (DPR) is 61.69%.

Institutional investors have recently modified their holdings of the company. Global X Management Co. LLC boosted its position in shares of Valero Energy Partners by 3,531.4% in the first quarter. Global X Management Co. LLC now owns 159,635 shares of the pipeline company’s stock worth $7,648,000 after buying an additional 155,239 shares during the last quarter. Dividend Assets Capital LLC acquired a new position in shares of Valero Energy Partners during the second quarter worth approximately $2,561,000. Driehaus Capital Management LLC boosted its position in shares of Valero Energy Partners by 157.0% in the first quarter. Driehaus Capital Management LLC now owns 84,286 shares of the pipeline company’s stock worth $4,038,000 after buying an additional 51,486 shares during the last quarter. Credit Suisse AG boosted its position in shares of Valero Energy Partners by 136.4% in the first quarter. Credit Suisse AG now owns 83,660 shares of the pipeline company’s stock worth $4,008,000 after buying an additional 48,273 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its position in shares of Valero Energy Partners by 13.1% in the second quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock worth $18,402,000 after buying an additional 46,700 shares during the last quarter. Institutional investors own 29.93% of the company’s stock.

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 pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

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

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