Bearish Chart Formation for Valero Energy Partners LP (VLP) After Forming Bearish Wedge Down Chart Pattern

December 7, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.72 in 2017 Q2. Its down 0.47, from 1.19 in 2017Q1. It fall, as 11 investors sold Valero Energy Partners LP shares while 32 reduced holdings. 9 funds opened positions while 22 raised stakes. 20.72 million shares or 4.24% less from 21.64 million shares in 2017Q1 were reported.
Alps Advsr owns 10,365 shares or 0% of their US portfolio. Center Coast Capital Ltd Partnership holds 533,184 shares or 0.62% of its portfolio. Spirit Of America Mgmt Corp accumulated 1.98% or 403,190 shares. Blackrock Incorporated holds 0% or 247,542 shares in its portfolio. Wells Fargo Mn stated it has 187,571 shares or 0% of all its holdings. Barclays Public Lc has invested 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Credit Suisse Ag owns 32,142 shares or 0% of their US portfolio. Manufacturers Life The holds 2,100 shares or 0% of its portfolio. Entrustpermal Mngmt Lc invested in 0.66% or 33,526 shares. Mai Mgmt reported 0.44% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Raymond James Fin Service Advsrs Inc has invested 0.01% in Valero Energy Partners LP (NYSE:VLP). 2,036 are owned by Estabrook Mngmt. Hirtle Callaghan And Ltd Llc stated it has 1,088 shares. Renaissance Lc stated it has 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Metropolitan Life Insur New York holds 0.04% or 120,036 shares in its portfolio.

The stock of Valero Energy Partners LP (VLP) formed a down wedge with $39.53 target or 3.00 % below today’s $40.75 share price. The 5 months wedge indicates high risk for the $2.84B company. If the $39.53 price target is reached, the company will be worth $85.05 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.30% or $0.12 during the last trading session, reaching $40.75. About 78,223 shares traded. Valero Energy Partners LP (NYSE:VLP) has risen 4.06% since December 8, 2016 and is uptrending. It has underperformed by 12.64% the S&P500.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on February, 1. They expect $0.74 earnings per share, down 3.90 % or $0.03 from last year’s $0.77 per share. VLP’s profit will be $51.48 million for 13.77 P/E if the $0.74 EPS becomes a reality. After $0.65 actual earnings per share reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts 13.85 % EPS growth.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Among 13 analysts covering Valero Energy Partners LP (NYSE:VLP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Valero Energy Partners LP had 33 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies initiated Valero Energy Partners LP (NYSE:VLP) rating on Tuesday, August 23. Jefferies has “Buy” rating and $53 target. The stock of Valero Energy Partners LP (NYSE:VLP) has “Buy” rating given on Monday, October 30 by RBC Capital Markets. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Buy” rating by Citigroup on Friday, May 26. Mizuho maintained Valero Energy Partners LP (NYSE:VLP) on Friday, October 27 with “Buy” rating. The rating was maintained by Scotia Capital on Friday, April 28 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 9 report. The stock of Valero Energy Partners LP (NYSE:VLP) has “Buy” rating given on Friday, March 24 by Scotia Capital. As per Monday, April 24, the company rating was maintained by RBC Capital Markets. Raymond James initiated Valero Energy Partners LP (NYSE:VLP) rating on Thursday, April 21. Raymond James has “Outperform” rating and $53 target. The stock has “Buy” rating by Mizuho on Friday, September 30.

More important recent Valero Energy Partners LP (NYSE:VLP) news were published by: Nasdaq.com which released: “Valero Energy Corporation Will Attend The Goldman Sachs Global Energy Conference” on November 29, 2017, also Seekingalpha.com published article titled: “Valero Energy Partners’ (VLP) Q3 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “Valero Energy Partners’ (VLP) Q2 2017 Results – Earnings Call Transcript” on July 28, 2017. More interesting news about Valero Energy Partners LP (NYSE:VLP) was released by: Nasdaq.com and their article: “Valero Energy Partners LP is Oversold” with publication date: September 21, 2017.

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