Valero Energy Partners (NYSE:VLP) Moves On Deutsche Bank Initiation. How Much Are Shares Worth?

April 21, 2018 - By Hazel Jackson

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. It is positive, as 10 investors sold Valero Energy Partners LP shares while 31 reduced holdings. 17 funds opened positions while 20 raised stakes. 19.75 million shares or 1.81% less from 20.12 million shares in 2017Q3 were reported.

Raymond James Finance Services Inc invested in 41,702 shares or 0.01% of the stock. Tiedemann Wealth Management Ltd Liability owns 47,645 shares. Cadence Capital Ltd owns 0.32% invested in Valero Energy Partners LP (NYSE:VLP) for 113,581 shares. Northern invested in 20,400 shares or 0% of the stock. Neuberger Berman Group Inc Ltd Co owns 0% invested in Valero Energy Partners LP (NYSE:VLP) for 6,904 shares. Country Club Trust Na holds 9,727 shares or 0.06% of its portfolio. Nelson Van Denburg And Campbell Wealth Management Grp Limited Liability has 3,039 shares. Cushing Asset Management L P invested in 1.4% or 1.04 million shares. Estabrook Management has invested 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Metropolitan Life Ins Company Ny, New York-based fund reported 96,036 shares. Stephens Inc Ar invested in 0.01% or 7,200 shares. Citigroup has invested 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Guggenheim Cap Limited Liability invested in 0% or 6,886 shares. 302,440 were reported by Duff & Phelps Investment Management. Cohen And Steers stated it has 4,964 shares.

Why Has Deutsche Bank Given Valero Energy Partners (NYSE:VLP) a $46 Price Target

In an analyst note made public today, Deutsche Bank analysts has begun Valero Energy Partners (NYSE:VLP) coverage with Buy rating, and a $46 target price.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. It is positive, as 10 investors sold Valero Energy Partners LP shares while 31 reduced holdings. 17 funds opened positions while 20 raised stakes. 19.75 million shares or 1.81% less from 20.12 million shares in 2017Q3 were reported.

Raymond James Finance Services Inc invested in 41,702 shares or 0.01% of the stock. Tiedemann Wealth Management Ltd Liability owns 47,645 shares. Cadence Capital Ltd owns 0.32% invested in Valero Energy Partners LP (NYSE:VLP) for 113,581 shares. Northern invested in 20,400 shares or 0% of the stock. Neuberger Berman Group Inc Ltd Co owns 0% invested in Valero Energy Partners LP (NYSE:VLP) for 6,904 shares. Country Club Trust Na holds 9,727 shares or 0.06% of its portfolio. Nelson Van Denburg And Campbell Wealth Management Grp Limited Liability has 3,039 shares. Cushing Asset Management L P invested in 1.4% or 1.04 million shares. Estabrook Management has invested 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Metropolitan Life Ins Company Ny, New York-based fund reported 96,036 shares. Stephens Inc Ar invested in 0.01% or 7,200 shares. Citigroup has invested 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Guggenheim Cap Limited Liability invested in 0% or 6,886 shares. 302,440 were reported by Duff & Phelps Investment Management. Cohen And Steers stated it has 4,964 shares.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Among 9 analysts covering Valero Energy Partners (NYSE:VLP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Valero Energy Partners has $63.0 highest and $37 lowest target. $48.78’s average target is 19.91% above currents $40.68 stock price. Valero Energy Partners had 14 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Wednesday, January 17 by Barclays Capital. The firm has “Buy” rating given on Monday, February 5 by SunTrust. The company was maintained on Wednesday, January 24 by Jefferies. SunTrust maintained Valero Energy Partners LP (NYSE:VLP) on Thursday, October 26 with “Buy” rating. The rating was maintained by Citigroup on Tuesday, March 27 with “Neutral”. RBC Capital Markets maintained it with “Buy” rating and $55.0 target in Monday, October 30 report. The firm has “Buy” rating given on Monday, March 26 by Mizuho. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, April 17. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 16. The firm earned “Equal-Weight” rating on Monday, February 5 by Barclays Capital.

The stock increased 0.07% or $0.03 during the last trading session, reaching $40.68. About 89,827 shares traded. Valero Energy Partners LP (NYSE:VLP) has declined 26.85% since April 21, 2017 and is downtrending. It has underperformed by 38.40% the S&P500.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on April, 26 before the open. They expect $0.67 EPS, down 6.94 % or $0.05 from last year’s $0.72 per share. VLP’s profit will be $47.35M for 15.18 P/E if the $0.67 EPS becomes a reality. After $0.71 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts -5.63 % negative EPS growth.

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. The company has market cap of $2.88 billion. The Company’s 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. It has a 14.66 P/E ratio. Charles logistics system, the Corpus Christi logistics system, and the Meraux logistics system located in the Gulf Coast and Mid-Continent regions of the United States.

Valero Energy Partners LP (NYSE:VLP) Institutional Positions Chart

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