Duff & Phelps Investment Management Co. Has $13.22 Million Stake in Valero Energy Partners LP (VLP)

Duff & Phelps Investment Management Co. lessened its stake in shares of Valero Energy Partners LP (NYSE:VLP) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,440 shares of the pipeline company’s stock after selling 20,000 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.44% of Valero Energy Partners worth $13,223,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY boosted its stake in shares of Valero Energy Partners by 13.1% during the second quarter. Spirit of America Management Corp NY now owns 403,190 shares of the pipeline company’s stock valued at $18,402,000 after purchasing an additional 46,700 shares during the period. Citadel Advisors LLC boosted its stake in shares of Valero Energy Partners by 222.0% during the second quarter. Citadel Advisors LLC now owns 14,813 shares of the pipeline company’s stock valued at $676,000 after purchasing an additional 10,213 shares during the period. Creative Planning boosted its stake in shares of Valero Energy Partners by 26.9% during the second quarter. Creative Planning now owns 10,697 shares of the pipeline company’s stock valued at $488,000 after purchasing an additional 2,270 shares during the period. Diversified Trust Co boosted its stake in shares of Valero Energy Partners by 1.6% during the second quarter. Diversified Trust Co now owns 14,964 shares of the pipeline company’s stock valued at $683,000 after purchasing an additional 231 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Valero Energy Partners during the first quarter valued at approximately $298,000. 29.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Valero Energy Partners LP (VLP) opened at 42.12 on Friday. The company has a 50-day moving average price of $42.80 and a 200-day moving average price of $44.52. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 13.95 and a beta of 0.74. Valero Energy Partners LP has a 52 week low of $38.90 and a 52 week high of $51.00.

Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Friday, October 27th. The pipeline company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.03). The business had revenue of $109.00 million during the quarter, compared to the consensus estimate of $111.09 million. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Equities analysts anticipate that Valero Energy Partners LP will post $2.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Wednesday, November 1st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Tuesday, October 31st. This is an increase from Valero Energy Partners’s previous quarterly dividend of $0.46. Valero Energy Partners’s dividend payout ratio is 64.31%.

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A number of brokerages recently commented on VLP. BidaskClub lowered Valero Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $50.00 price target on shares of Valero Energy Partners in a research note on Wednesday, October 18th. ValuEngine lowered Valero Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC raised Valero Energy Partners from a “hold” rating to a “buy” rating and dropped their price target for the stock from $51.00 to $50.00 in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.25.

Valero Energy Partners Profile

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. 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.

Institutional Ownership by Quarter for Valero Energy Partners (NYSE:VLP)

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