Port Capital LLC Boosts Position in Valero Energy Partners LP (VLP)

Port Capital LLC boosted its position in shares of Valero Energy Partners LP (NYSE:VLP) by 152.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 201,338 shares of the pipeline company’s stock after acquiring an additional 121,738 shares during the quarter. Port Capital LLC owned 0.28% of Valero Energy Partners worth $7,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VLP. JPMorgan Chase & Co. increased its holdings in shares of Valero Energy Partners by 45.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,435 shares of the pipeline company’s stock valued at $29,299,000 after acquiring an additional 241,379 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Valero Energy Partners by 17,282.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,084 shares of the pipeline company’s stock valued at $230,000 after acquiring an additional 6,049 shares during the period. BP Capital Fund Advisors LLC increased its holdings in shares of Valero Energy Partners by 12.3% in the 3rd quarter. BP Capital Fund Advisors LLC now owns 124,642 shares of the pipeline company’s stock valued at $4,660,000 after acquiring an additional 13,675 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Valero Energy Partners in the 3rd quarter valued at $8,500,000. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in shares of Valero Energy Partners by 4.0% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,803,490 shares of the pipeline company’s stock valued at $257,716,000 after acquiring an additional 258,724 shares during the period. Institutional investors own 28.51% of the company’s stock.

Valero Energy Partners stock opened at $42.02 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 4.57. The firm has a market capitalization of $2.97 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49. Valero Energy Partners LP has a 1-year low of $33.25 and a 1-year high of $48.66.

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings data on Thursday, October 25th. The pipeline company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07. Valero Energy Partners had a return on equity of 94.57% and a net margin of 43.11%. The firm had revenue of $140.59 million during the quarter, compared to analysts’ expectations of $137.85 million. As a group, equities research analysts expect that Valero Energy Partners LP will post 2.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, November 1st were given a dividend of $0.551 per share. The ex-dividend date was Wednesday, October 31st. This represents a $2.20 dividend on an annualized basis and a yield of 5.25%. Valero Energy Partners’s dividend payout ratio is currently 79.42%.

A number of research firms have recently weighed in on VLP. ValuEngine raised Valero Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Valero Energy Partners from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, October 25th. Wells Fargo & Co lowered their price objective on Valero Energy Partners from $43.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, September 13th. Raymond James reissued a “market perform” rating on shares of Valero Energy Partners in a research report on Friday, October 19th. Finally, Morgan Stanley lowered their price objective on Valero Energy Partners from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, August 17th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.29.

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

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