Wall Street brokerages predict that Valero Energy Partners LP (NYSE:VLP) will post sales of $123.13 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valero Energy Partners’ earnings, with the highest sales estimate coming in at $128.00 million and the lowest estimate coming in at $111.70 million. Valero Energy Partners posted sales of $104.15 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Valero Energy Partners will report full-year sales of $123.13 million for the current year, with estimates ranging from $433.00 million to $456.34 million. For the next year, analysts expect that the firm will report sales of $558.04 million per share, with estimates ranging from $439.00 million to $651.15 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Valero Energy Partners had a return on equity of 184.08% and a net margin of 54.43%. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $111.09 million. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Valero Energy Partners in a report on Friday, October 27th. BidaskClub downgraded shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Citigroup Inc. reiterated a “neutral” rating and issued a $50.00 target price on shares of Valero Energy Partners in a report on Wednesday, October 18th. Finally, Jefferies Group LLC upgraded shares of Valero Energy Partners from a “hold” rating to a “buy” rating and dropped their target price for the stock from $51.00 to $50.00 in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Valero Energy Partners currently has an average rating of “Hold” and an average price target of $53.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC grew its position in Valero Energy Partners by 222.0% during the second quarter. Citadel Advisors LLC now owns 14,813 shares of the pipeline company’s stock valued at $676,000 after purchasing an additional 10,213 shares in the last quarter. Spirit of America Management Corp NY lifted 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 acquiring an additional 46,700 shares during the last quarter. Creative Planning lifted its stake in Valero Energy Partners by 26.9% in the second quarter. Creative Planning now owns 10,697 shares of the pipeline company’s stock valued at $488,000 after acquiring an additional 2,270 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Valero Energy Partners by 53.1% in the second quarter. Bank of New York Mellon Corp now owns 9,529 shares of the pipeline company’s stock valued at $435,000 after acquiring an additional 3,303 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Valero Energy Partners by 1.6% in the second quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock valued at $683,000 after acquiring an additional 231 shares during the last quarter. 30.16% of the stock is currently owned by hedge funds and other institutional investors.

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Valero Energy Partners (NYSE VLP) traded down $0.20 during mid-day trading on Tuesday, hitting $40.52. 48,900 shares of the company’s stock were exchanged, compared to its average volume of 105,305. Valero Energy Partners has a one year low of $39.00 and a one year high of $51.00. The company has a market cap of $2,832.69, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Wednesday, November 1st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a yield of 4.74%. Valero Energy Partners’s payout ratio is presently 67.84%.

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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