Silvercrest Asset Management Group LLC reduced its position in Valero Energy Partners LP (NYSE:VLP) by 1.1% in the 1st quarter, Holdings Channel reports. The firm owned 278,814 shares of the pipeline company’s stock after selling 3,217 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Valero Energy Partners were worth $9,878,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Green Square Capital LLC lifted its stake in Valero Energy Partners by 24.0% in the 1st quarter. Green Square Capital LLC now owns 66,712 shares of the pipeline company’s stock valued at $2,364,000 after purchasing an additional 12,916 shares during the last quarter. UBS Group AG raised its holdings in Valero Energy Partners by 16.8% in the 1st quarter. UBS Group AG now owns 324,862 shares of the pipeline company’s stock valued at $11,510,000 after acquiring an additional 46,614 shares during the period. Botty Investors LLC raised its holdings in Valero Energy Partners by 588.5% in the 1st quarter. Botty Investors LLC now owns 5,859 shares of the pipeline company’s stock valued at $208,000 after acquiring an additional 5,008 shares during the period. GSA Capital Partners LLP bought a new position in Valero Energy Partners in the 1st quarter valued at about $202,000. Finally, Hsbc Holdings PLC bought a new position in Valero Energy Partners in the 1st quarter valued at about $850,000. Institutional investors and hedge funds own 29.52% of the company’s stock.
Several research firms have weighed in on VLP. ValuEngine cut shares of Valero Energy Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Citigroup increased their price target on shares of Valero Energy Partners from $37.00 to $40.50 and gave the company a “neutral” rating in a report on Wednesday, May 2nd. SunTrust Banks set a $48.00 price target on shares of Valero Energy Partners and gave the company a “buy” rating in a report on Sunday, April 22nd. Deutsche Bank began coverage on shares of Valero Energy Partners in a report on Thursday, April 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Barclays lowered their price target on shares of Valero Energy Partners from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.32.
Valero Energy Partners (NYSE:VLP) last announced its earnings results on Thursday, April 26th. The pipeline company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. Valero Energy Partners had a net margin of 48.07% and a return on equity of 119.63%. The company had revenue of $131.94 million for the quarter, compared to analysts’ expectations of $129.53 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. equities analysts predict that Valero Energy Partners LP will post 2.79 EPS for the current year.
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 in the United States. Its 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.
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