What Can We Expect From Valero Energy Partners (NYSE:VLP) After Deutsche Bank’s Latest Coverage?

April 21, 2018 - By Adrian Erickson

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. It improved, as 10 investors sold Valero Energy Partners LP shares while 31 reduced holdings. 17 funds opened positions while 20 raised stakes. 19.75 million shares or 1.81% less from 20.12 million shares in 2017Q3 were reported.

Deutsche Bankshares Ag holds 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 99,350 shares. X Communication Ltd Liability Corporation stated it has 0.18% in Valero Energy Partners LP (NYSE:VLP). Glenmede Tru Company Na invested in 4,500 shares. Cohen And Steers holds 4,964 shares. Us Commercial Bank De holds 0% or 6,506 shares in its portfolio. First Advisors Ltd Partnership reported 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Moreover, Atlantic Tru Grp Ltd Liability has 0.04% invested in Valero Energy Partners LP (NYSE:VLP) for 231,098 shares. Ameriprise Fincl owns 0% invested in Valero Energy Partners LP (NYSE:VLP) for 33,031 shares. Yorkville Capital Management Limited Co has 31,110 shares for 1.67% of their portfolio. Pnc Fincl Services accumulated 1,666 shares or 0% of the stock. California Public Employees Retirement reported 0% in Valero Energy Partners LP (NYSE:VLP). Fmr Limited Liability owns 31,498 shares. Spirit Of America Mgmt invested in 424,190 shares or 2.09% of the stock. The Illinois-based Nuveen Asset Mgmt Ltd Liability has invested 0.01% in Valero Energy Partners LP (NYSE:VLP). Bb&T reported 0% stake.

Why Has Deutsche Bank Given Valero Energy Partners (NYSE:VLP) a $46 Price Target

Investment analysts at Deutsche Bank started coverage on shares of Valero Energy Partners (NYSE:VLP) in a research note sent to clients and investors on 20 April. The financial company set Buy rating on the stock. Deutsche Bank’s target of $46 suggests potential of 13.08 % from the stock’s last stock price.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. It improved, as 10 investors sold Valero Energy Partners LP shares while 31 reduced holdings. 17 funds opened positions while 20 raised stakes. 19.75 million shares or 1.81% less from 20.12 million shares in 2017Q3 were reported.

Deutsche Bankshares Ag holds 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 99,350 shares. X Communication Ltd Liability Corporation stated it has 0.18% in Valero Energy Partners LP (NYSE:VLP). Glenmede Tru Company Na invested in 4,500 shares. Cohen And Steers holds 4,964 shares. Us Commercial Bank De holds 0% or 6,506 shares in its portfolio. First Advisors Ltd Partnership reported 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Moreover, Atlantic Tru Grp Ltd Liability has 0.04% invested in Valero Energy Partners LP (NYSE:VLP) for 231,098 shares. Ameriprise Fincl owns 0% invested in Valero Energy Partners LP (NYSE:VLP) for 33,031 shares. Yorkville Capital Management Limited Co has 31,110 shares for 1.67% of their portfolio. Pnc Fincl Services accumulated 1,666 shares or 0% of the stock. California Public Employees Retirement reported 0% in Valero Energy Partners LP (NYSE:VLP). Fmr Limited Liability owns 31,498 shares. Spirit Of America Mgmt invested in 424,190 shares or 2.09% of the stock. The Illinois-based Nuveen Asset Mgmt Ltd Liability has invested 0.01% in Valero Energy Partners LP (NYSE:VLP). Bb&T reported 0% stake.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Among 9 analysts covering Valero Energy Partners (NYSE:VLP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Valero Energy Partners has $63.0 highest and $37 lowest target. $48.78’s average target is 19.91% above currents $40.68 stock price. Valero Energy Partners had 14 analyst reports since October 26, 2017 according to SRatingsIntel. Citigroup maintained Valero Energy Partners LP (NYSE:VLP) on Tuesday, March 27 with “Neutral” rating. Barclays Capital maintained it with “Equal-Weight” rating and $41 target in Tuesday, April 17 report. Mizuho maintained Valero Energy Partners LP (NYSE:VLP) rating on Friday, October 27. Mizuho has “Buy” rating and $53.0 target. The firm has “Buy” rating given on Monday, October 30 by RBC Capital Markets. As per Tuesday, March 13, the company rating was maintained by JP Morgan. The firm earned “Buy” rating on Wednesday, January 24 by Jefferies. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. As per Monday, March 26, the company rating was maintained by Mizuho. As per Monday, February 5, the company rating was maintained by SunTrust. Barclays Capital downgraded the shares of VLP in report on Wednesday, January 17 to “Equal-Weight” rating.

The stock increased 0.07% or $0.03 during the last trading session, reaching $40.68. About 89,827 shares traded. Valero Energy Partners LP (NYSE:VLP) has declined 26.85% since April 21, 2017 and is downtrending. It has underperformed by 38.40% the S&P500.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on April, 26 before the open. They expect $0.67 EPS, down 6.94 % or $0.05 from last year’s $0.72 per share. VLP’s profit will be $47.35 million for 15.18 P/E if the $0.67 EPS becomes a reality. After $0.71 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts -5.63 % negative EPS growth.

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 $2.88 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 14.66 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.

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

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