Institutional Investors Love Valero Energy Partners LP (NYSE:VLP)

June 16, 2018 - By wolcottdaily

Sentiment for Valero Energy Partners LP (NYSE:VLP)

Valero Energy Partners LP (NYSE:VLP) institutional sentiment increased to 1.57 in Q1 2018. Its up 0.67, from 0.9 in 2017Q4. The ratio is positive, as 47 funds increased and started new stock positions, while 30 reduced and sold their holdings in Valero Energy Partners LP. The funds in our partner’s database reported: 19.22 million shares, down from 19.75 million shares in 2017Q4. Also, the number of funds holding Valero Energy Partners LP in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 24 Increased: 29 New Position: 18.

Valero Energy Partners LP owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. The company has market cap of $2.78 billion. The Company’s assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St. It has a 14.2 P/E ratio. Charles logistics system, the Corpus Christi logistics system, and the Meraux logistics system located in the Gulf Coast and Mid-Continent regions of the United States.

The stock decreased 1.13% or $0.45 during the last trading session, reaching $39.36. About 905,034 shares traded or 684.44% up from the average. Valero Energy Partners LP (NYSE:VLP) has declined 11.79% since June 16, 2017 and is downtrending. It has underperformed by 24.36% the S&P500.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on July, 27. They expect $0.68 EPS, down 1.45 % or $0.01 from last year’s $0.69 per share. VLP’s profit will be $48.06M for 14.47 P/E if the $0.68 EPS becomes a reality. After $0.72 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts -5.56 % negative EPS growth.

Samson Capital Management Llc holds 7.13% of its portfolio in Valero Energy Partners LP for 162,728 shares. Spirit Of America Management Corp Ny owns 443,240 shares or 2.06% of their US portfolio. Moreover, Nbw Capital Llc has 1.92% invested in the company for 173,725 shares. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 1.63% in the stock. Chickasaw Capital Management Llc, a Tennessee-based fund reported 1.65 million shares.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Ratings analysis reveals 67% of Valero Energy Partners’s analysts are positive. Out of 9 Wall Street analysts rating Valero Energy Partners, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $37 while the high is $63.0. The stock’s average target of $48.44 is 23.07% above today’s ($39.36) share price. VLP was included in 13 notes of analysts from January 5, 2018. Barclays Capital maintained Valero Energy Partners LP (NYSE:VLP) rating on Tuesday, April 17. Barclays Capital has “Equal-Weight” rating and $41 target. SunTrust maintained Valero Energy Partners LP (NYSE:VLP) rating on Monday, February 5. SunTrust has “Buy” rating and $50.0 target. The rating was maintained by Citigroup with “Neutral” on Wednesday, May 2. SunTrust maintained the stock with “Buy” rating in Sunday, April 22 report. The rating was maintained by Barclays Capital on Monday, February 5 with “Equal-Weight”. The rating was maintained by Jefferies on Wednesday, January 24 with “Buy”. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. The rating was maintained by JP Morgan on Tuesday, March 13 with “Overweight”. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Mizuho on Monday, March 26 with “Buy”.

More recent Valero Energy Partners LP (NYSE:VLP) news were published by: Fool.com which released: “This Is One Impressive Dividend Growth Stock” on June 09, 2018. Also Globenewswire.com published the news titled: “Report: Exploring Fundamental Drivers Behind Schweitzer-Mauduit International, Valero Energy Partners LP, One …” on May 25, 2018. Nasdaq.com‘s news article titled: “Valero Energy Partners to Announce Second Quarter 2018 Earnings Results on July 26, 2018” with publication date: May 27, 2018 was also an interesting one.

Valero Energy Partners LP (NYSE:VLP) Institutional Positions Chart

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