Today’s Dividend Alert: Can we expect Valero Energy Partners LP (NYSE:VLP) to bring investors news of $0.39 dividends?

Today's Dividend Alert: Can we expect Valero Energy Partners LP (NYSE:VLP) to bring investors news of $0.39 dividends?

Valero Energy Partners LP (NYSE:VLP) is expected to pay $0.39 on Nov 10, 2016. The indicated annual dividend is $1.54. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Valero Energy Partners LP’s current price of $40.85, the dividend is 0.94%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 25, 2016. The stock decreased 2.27% or $0.95 on October 28, hitting $40.85. Valero Energy Partners LP (NYSE:VLP) has declined 11.20% since March 29, 2016 and is downtrending. It has underperformed by 14.67% the S&P500.

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 has a market cap of $2.69 billion. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the activities of the following Valero Energy Corporation refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. It has a 15.52 P/E ratio. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas.

Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.88, from 1.59 in 2016Q1. The ratio dropped, as 15 funds sold all Valero Energy Partners LP shares owned while 37 reduced positions. 7 funds bought stakes while 30 increased positions. They now own 19.38 million shares or 4.37% less from 20.26 million shares in 2016Q1.
Fort Washington Inv Advsr Oh accumulated 0.04% or 50,000 shares. Retail Bank Of New York Mellon, a New York-based fund reported 6,491 shares. Cumberland has invested 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Moreover, Chickasaw Cap Management Limited Liability Corp has 1.86% invested in Valero Energy Partners LP (NYSE:VLP) for 1.60M shares. Manufacturers Life The reported 1,822 shares or 0% of all its holdings. Jane Street Grp Limited Liability Corp has 0% invested in the company for 5,322 shares. Cohen & Steers Inc last reported 125,009 shares in the company. Waddell & Reed Financial holds 162,480 shares or 0.02% of its portfolio. Clinton Grp, a New York-based fund reported 19,497 shares. Pnc Svcs Gru holds 450 shares or 0% of its portfolio. Tph Asset Limited Company owns 870,195 shares or 3.97% of their US portfolio. The California-based Wells Fargo Mn has invested 0.01% in Valero Energy Partners LP (NYSE:VLP). The Germany-based Deutsche Commercial Bank Ag has invested 0% in Valero Energy Partners LP (NYSE:VLP). Ftb accumulated 410 shares or 0% of the stock. Kayne Anderson Advsr L P has 455,808 shares for 0.24% of their US portfolio.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Out of 10 analysts covering Valero Energy Partners LP (NYSE:VLP), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $62.0 is the highest target while $52 is the lowest. The $56.67 average target is 38.73% above today’s ($40.85) stock price. Valero Energy Partners LP has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Buy” rating by Evercore on Monday, October 26. Morgan Stanley initiated the shares of VLP in a report on Thursday, February 25 with “Overweight” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 7. Mizuho maintained it with “Buy” rating and $55 target price in Monday, October 31 report. Raymond James initiated Valero Energy Partners LP (NYSE:VLP) rating on Thursday, April 21. Raymond James has “Outperform” rating and $53 price target. The company was initiated on Tuesday, August 23 by Jefferies. The firm has “Neutral” rating by Credit Suisse given on Monday, October 26. The company was upgraded on Thursday, September 24 by SunTrust. The firm has “Buy” rating by Mizuho given on Friday, September 30. The rating was downgraded by Credit Suisse on Tuesday, October 13 to “Neutral”.

More notable recent Valero Energy Partners LP (NYSE:VLP) news were published by: Bizjournals.com which released: “Final round of drop downs prove profitable for Valero Energy Partners in third …” on October 28, 2016, also Globenewswire.com with their article: “Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent” published on October 24, 2016, Globenewswire.com published: “Valero Energy Partners LP Announces Acquisition of the Meraux and Three Rivers …” on August 22, 2016. More interesting news about Valero Energy Partners LP (NYSE:VLP) were released by: Seekingalpha.com and their article: “Valero Energy Partners LP’s (VLP) Management on Q3 2016 Results – Earnings …” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “Valero Energy Partners LP Reports Solid Fourth Quarter 2015 and Full Year Results” with publication date: February 04, 2016.

VLP Company Profile

Valero Energy Partners LP, incorporated on July 24, 2013, 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 pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the activities of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas.

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