Botty Investors LLC raised its stake in Valero Energy Partners LP (NYSE:VLP) by 821.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,739 shares of the pipeline company’s stock after buying an additional 5,116 shares during the period. Botty Investors LLC’s holdings in Valero Energy Partners were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC raised its position in Valero Energy Partners by 151.5% in the fourth quarter. Guggenheim Capital LLC now owns 21,509 shares of the pipeline company’s stock valued at $953,000 after buying an additional 12,958 shares during the period. Macquarie Group Ltd. raised its stake in Valero Energy Partners by 143.3% in the fourth quarter. Macquarie Group Ltd. now owns 38,200 shares of the pipeline company’s stock valued at $1,691,000 after buying an additional 22,500 shares during the last quarter. Driehaus Capital Management LLC raised its stake in 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 valued at $4,038,000 after buying an additional 51,486 shares during the last quarter. Spirit of America Management Corp NY raised its stake in 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 valued at $18,402,000 after buying an additional 46,700 shares during the last quarter. Finally, US Bancorp DE raised its stake in Valero Energy Partners by 39.7% in the first quarter. US Bancorp DE now owns 4,727 shares of the pipeline company’s stock valued at $226,000 after buying an additional 1,343 shares during the last quarter. 31.44% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Partners LP (VLP) opened at 41.63 on Wednesday. Valero Energy Partners LP has a 12 month low of $38.90 and a 12 month high of $51.00. The stock’s 50 day moving average is $45.34 and its 200-day moving average is $46.59. The company has a market capitalization of $2.84 billion, a PE ratio of 13.78 and a beta of 0.74.

Valero Energy Partners (NYSE:VLP) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The company had revenue of $110.50 million for the quarter, compared to the consensus estimate of $107.14 million. Valero Energy Partners had a return on equity of 266.53% and a net margin of 55.29%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. On average, analysts expect that Valero Energy Partners LP will post $2.83 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Tuesday, August 1st were paid a dividend of $0.455 per share. The ex-dividend date was Friday, July 28th. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a yield of 4.37%. Valero Energy Partners’s dividend payout ratio is currently 61.69%.

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Several research firms have recently weighed in on VLP. BidaskClub lowered shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Scotiabank reissued a “buy” rating and set a $51.00 price target on shares of Valero Energy Partners in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Valero Energy Partners from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Valero Energy Partners in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Valero Energy Partners currently has an average rating of “Buy” and an average price target of $53.78.

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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Institutional Ownership by Quarter for Valero Energy Partners (NYSE:VLP)

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