Alliancebernstein L.P. grew its stake in Valero Energy Partners LP (NYSE:VLP) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,483 shares of the pipeline company’s stock after purchasing an additional 307 shares during the quarter. Alliancebernstein L.P.’s holdings in Valero Energy Partners were worth $250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Valero Energy Partners by 471.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 2,120 shares during the period. Sei Investments Co. purchased a new position in shares of Valero Energy Partners in the second quarter worth about $197,000. Proficio Capital Partners LLC purchased a new position in shares of Valero Energy Partners in the second quarter worth about $221,000. Botty Investors LLC lifted its stake in shares of Valero Energy Partners by 821.2% in the second quarter. Botty Investors LLC now owns 5,739 shares of the pipeline company’s stock worth $262,000 after buying an additional 5,116 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Valero Energy Partners in the first quarter worth about $298,000. Institutional investors and hedge funds own 29.94% of the company’s stock.

Valero Energy Partners LP (VLP) opened at $40.72 on Friday. The company has a debt-to-equity ratio of 5.05, a quick ratio of 5.60 and a current ratio of 4.26. Valero Energy Partners LP has a 52 week low of $38.95 and a 52 week high of $51.00. The company has a market cap of $2,831.99, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73.

Valero Energy Partners (NYSE:VLP) last issued its 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 firm had revenue of $109.00 million for the quarter, compared to analysts’ expectations of $111.09 million. During the same period last year, the firm earned $0.77 earnings per share. Valero Energy Partners’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts predict that Valero Energy Partners LP will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Wednesday, November 1st were paid 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 4.72%. Valero Energy Partners’s payout ratio is 67.84%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday. Mizuho set a $53.00 price target on shares of Valero Energy Partners and gave the stock a “buy” rating in a research note on Sunday, October 29th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Valero Energy Partners in a research note on Friday, October 27th. Citigroup Inc. reissued a “neutral” rating and issued a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. Finally, ValuEngine downgraded shares of Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. 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 stock. The company has an average rating of “Hold” and an average target price of $53.00.

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Valero Energy Partners 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.

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

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