Economy

Valero Energy Partners LP (NYSE:VLP) Shares Dip Under Moving Averages

Valero Energy Partners LP (NYSE:VLP) Shares Dip Under Moving Averages”

Several equities analysts have commented on the stock. ValuEngine upgraded Valero Energy Partners LP (NYSE:VLP) on Friday, May 26 to "Buy" rating. They set an "accumulate" rating and a $84.00 price target for the company.

Wilsey Asset Management Inc holds 9.04% of its portfolio in Valero Energy Corporation for 185,411 shares. Barclays PLC reissued a "buy" rating and issued a $95.00 price objective on shares of Valero Energy in a research note on Wednesday, January 11th. Bessemer Group Inc has invested 0.03% of its portfolio in Valero Energy Corporation (NYSE:VLO). Finally, Jefferies Group LLC reduced their target price on shares of Valero Energy Corporation from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, August 23rd. The stock has "Buy" rating by BMO Capital Markets on Wednesday, August 2. The company maintains price to book ratio of 0.00 vs.an industry average at 0.54.

In terms of performance, shares of Valero Energy Corporation (NYSE:VLO) are 9.72% since the start of 2016. UBS AG restated a "neutral" rating and issued a $80.00 price target (up previously from $69.00) on shares of Valero Energy Corporation in a research note on Wednesday. The company has a 50-day moving average price of $68.09 and a 200-day moving average price of $66.42. Chemical Bank now owns 32,981 shares of the company's stock valued at $1,748,000 after buying an additional 1,730 shares during the period. Valero Energy Partners LP (NYSE:VLP) has risen 4.06% since September 27, 2016 and is uptrending. The pipeline company reported $0.69 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.72 by ($0.03). Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The firm had revenue of $22.25 billion during the quarter, compared to analysts' expectations of $19.32 billion. Valero Energy Partners has a 1-year low of $38.90 and a 1-year high of $51.00. The firm's quarterly revenue was up 10.3% compared to the same quarter a year ago. It now has negative earnings.

ILLEGAL ACTIVITY NOTICE: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another website, it was stolen and reposted in violation of USA and worldwide trademark and copyright law. Cohen And Steers reported 0.01% in Valero Energy Partners LP (NYSE:VLP). Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company's stock valued at $116,000 after purchasing an additional 11 shares during the period. P/S is calculated by dividing the closing price of the share by their dollar-sales value. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen M. Waters sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. The institutional investor held 3.75M shares of the precious metals company at the end of 2017Q2, valued at $10.52M, up from 3.16M at the end of the previous reported quarter. The disclosure for this sale can be found here.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLO. About 105,255 shares traded. Ffcm LLC now owns 1,881 shares of the oil and gas company's stock worth $128,000 after acquiring an additional 1,231 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Valero Energy Partners by 11.5% in the first quarter. The Company's gas and oil activities are concentrated in Texas and Louisiana. Moreover, Citigroup has 0% invested in Valero Energy Partners LP (NYSE:VLP) for 41,323 shares. Finally, Alliancebernstein L.P. bought a new stake in Valero Energy Partners in the first quarter valued at about $248,000. Botty Ltd Liability holds 0.08% or 5,739 shares. The company's quarterly EPS surprised Wall Street by as much as 7% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Hanson Mcclain owns 120 shares. 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. Moreover, Cullen Frost Bankers has 0.61% invested in Valero Energy Corporation (NYSE:VLO) for 268,859 shares.



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