Zacks Investment Research upgraded shares of VTTI Energy Partners LP (NYSE:VTTI) from a strong sell rating to a hold rating in a report released on Tuesday, July 25th.
According to Zacks, “VTTI Energy Partners LP owns, operates, develops and acquires refined petroleum product and crude oil terminals, and related energy infrastructure. VTTI Energy Partners LP is based in London, United Kingdom. “
Several other analysts have also commented on the company. DA Davidson lowered VTTI Energy Partners from a buy rating to a neutral rating and set a $19.50 price objective for the company. in a report on Monday, May 8th. BidaskClub lowered VTTI Energy Partners from a buy rating to a hold rating in a research note on Sunday, July 16th. Finally, Citigroup Inc. lowered VTTI Energy Partners from a buy rating to a neutral rating and set a $19.50 target price for the company. in a research note on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and an average target price of $19.33.
VTTI Energy Partners (VTTI) opened at 19.35 on Tuesday. The stock has a market cap of $902.74 million, a PE ratio of 33.25 and a beta of 1.18. VTTI Energy Partners has a 1-year low of $15.40 and a 1-year high of $19.75. The stock has a 50 day moving average price of $19.59 and a 200 day moving average price of $19.16.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were paid a dividend of $0.336 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.95%.
Several institutional investors have recently added to or reduced their stakes in the stock. Cowen Prime Services LLC raised its position in VTTI Energy Partners by 33.0% in the second quarter. Cowen Prime Services LLC now owns 6,650 shares of the oil and gas company’s stock worth $131,000 after buying an additional 1,650 shares during the last quarter. JPMorgan Chase & Co. raised its position in VTTI Energy Partners by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 7,889 shares of the oil and gas company’s stock worth $150,000 after buying an additional 139 shares during the last quarter. SG Americas Securities LLC raised its position in VTTI Energy Partners by 6.0% in the first quarter. SG Americas Securities LLC now owns 9,750 shares of the oil and gas company’s stock worth $185,000 after buying an additional 550 shares during the last quarter. PEAK6 Investments L.P. bought a new position in VTTI Energy Partners during the first quarter worth $213,000. Finally, Guggenheim Capital LLC bought a new position in VTTI Energy Partners during the fourth quarter worth $260,000. Institutional investors and hedge funds own 91.16% of the company’s stock.
VTTI Energy Partners Company Profile
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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