Analysts expect Valero Energy Partners LP (NYSE:VLP) to announce earnings of $0.68 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Valero Energy Partners’ earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.65. Valero Energy Partners posted earnings per share of $0.72 in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The company is expected to announce its next earnings results on Friday, April 27th.
On average, analysts expect that Valero Energy Partners will report full year earnings of $2.94 per share for the current year, with EPS estimates ranging from $2.53 to $3.29. For the next financial year, analysts forecast that the business will post earnings of $3.38 per share, with EPS estimates ranging from $2.59 to $4.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Valero Energy Partners.
Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings data on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Valero Energy Partners had a return on equity of 158.05% and a net margin of 52.75%. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $123.24 million. During the same period last year, the company earned $0.77 earnings per share. The business’s quarterly revenue was up 21.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Icon Wealth Partners LLC bought a new position in Valero Energy Partners during the 4th quarter valued at $125,000. PNC Financial Services Group Inc. lifted its position in shares of Valero Energy Partners by 11.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,870 shares of the pipeline company’s stock valued at $132,000 after acquiring an additional 300 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Valero Energy Partners by 4,400.0% during the 4th quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock valued at $200,000 after acquiring an additional 4,400 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Valero Energy Partners during the 4th quarter valued at $203,000. Finally, Alliancebernstein L.P. lifted its position in shares of Valero Energy Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 307 shares during the last quarter. 29.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Partners (VLP) traded up $0.24 during mid-day trading on Friday, reaching $39.57. The company had a trading volume of 53,372 shares, compared to its average volume of 118,807. Valero Energy Partners has a 1-year low of $39.00 and a 1-year high of $50.07. The company has a market cap of $2,800.00, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.23 and a beta of 0.65. The company has a debt-to-equity ratio of 5.05, a current ratio of 4.26 and a quick ratio of 4.26.
The company also recently declared a dividend, which was paid on Tuesday, February 13th. Shareholders of record on Monday, February 5th were paid a dividend of $0.5075 per share. This represents a yield of 0.0109210243167635%. The ex-dividend date was Friday, February 2nd. Valero Energy Partners’s payout ratio is currently 73.02%.
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 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Valero Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.