The stock of Valero Energy Partners LP (NYSE:VLP) hit a new 52-week low and has $36.31 target or 9.00% below today’s $39.90 share price. The 8 months bearish chart indicates high risk for the $2.61 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $36.31 price target is reached, the company will be worth $234.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.01% or $0.4 during the last trading session, hitting $39.9. About 185,116 shares traded hands or 30.55% up from the average. Valero Energy Partners LP (NYSE:VLP) has declined 16.60% since March 31, 2016 and is downtrending. It has underperformed by 19.12% the S&P500.
Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on November, 4. They expect $0.69 earnings per share, up 35.29% or $0.18 from last year’s $0.51 per share. VLP’s profit will be $45.14M for 14.46 P/E if the $0.69 EPS becomes a reality. After $0.67 actual earnings per share reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts 2.99% EPS growth.
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. 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 “Overweight” rating by Morgan Stanley on Thursday, February 25. Jefferies initiated the shares of VLP in a report on Tuesday, August 23 with “Buy” rating. Evercore maintained the shares of VLP in a report on Monday, October 26 with “Buy” rating. Credit Suisse initiated it with “Neutral” rating and $59 target price in Monday, October 26 report. The firm has “Buy” rating given on Friday, September 30 by Mizuho. RBC Capital Markets maintained it with “Outperform” rating and $62.0 target price in Monday, November 2 report. Raymond James initiated the stock with “Outperform” rating in Thursday, April 21 report. The company was downgraded on Tuesday, October 13 by Credit Suisse. SunTrust upgraded the stock to “Buy” rating in Thursday, September 24 report. Mizuho maintained Valero Energy Partners LP (NYSE:VLP) rating on Monday, October 31. Mizuho has “Buy” rating and $55 price target.
According to Zacks Investment Research, “Valero Energy Partners LP is engaged in the ownership, development and acquisition of crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets. The Company’s assets primarily situated in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of Valero Energy Corporation’s refinery based in Port Arthur, Texas, McKee refinery based in Sunray, Texas and its refinery based in Memphis, Tennessee. Valero Energy Partners LP is based in San Antonio, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.88, from 1.59 in 2016Q1. The ratio worsened, 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.
Glob X Management holds 0.01% or 6,258 shares in its portfolio. Nbw Cap Ltd Liability Corporation holds 2.48% or 171,988 shares in its portfolio. Blackrock Investment Limited Liability Co last reported 0% of its portfolio in the stock. Liberty Mutual Gru Asset Mgmt accumulated 84,895 shares or 0.15% of the stock. Chickasaw Llc has invested 1.86% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Avalon Lc accumulated 0.01% or 5,527 shares. Moreover, Estabrook Cap has 0% invested in Valero Energy Partners LP (NYSE:VLP) for 2,101 shares. Creative Planning holds 1,141 shares or 0% of its portfolio. Signaturefd Limited Liability Company has invested 0.02% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Manufacturers Life Ins The holds 1,822 shares or 0% of its portfolio. Cushing Asset Management Limited Partnership last reported 408,226 shares in the company. Mai Capital owns 162,046 shares or 0.59% of their US portfolio. Hollencrest Securities Ltd Liability accumulated 5,800 shares or 0.04% of the stock. Moreover, Solaris Asset Management Ltd Co has 0.04% invested in Valero Energy Partners LP (NYSE:VLP) for 1,250 shares. Gsa Partners Ltd Liability Partnership owns 4,469 shares or 0.01% of their US portfolio.
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 Reports Third Quarter 2016 Results” published on October 27, 2016, Globenewswire.com published: “Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent” on October 24, 2016. More interesting news about Valero Energy Partners LP (NYSE:VLP) were released by: Globenewswire.com and their article: “Valero Energy Partners LP Announces Acquisition of the Meraux and Three Rivers …” published on August 22, 2016 as well as Seekingalpha.com‘s news article titled: “Valero Energy Partners LP’s (VLP) Management on Q3 2016 Results – Earnings …” with publication date: October 27, 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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