Valero Energy Partners LP Company Profile (NYSE:VLP)

Valero Energy Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "VLP."

Valero Energy Partners LP announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.455 per share on Thursday, August 10th. This represents a $1.82 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Friday, July 28th. This is a positive change from Valero Energy Partners LP's previous quarterly dividend of $0.43. View Valero Energy Partners LP's Dividend History.

Valero Energy Partners LP (NYSE:VLP) issued its earnings results on Friday, July, 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.03. The business had revenue of $110.50 million for the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners LP had a return on equity of 266.53% and a net margin of 55.29%. The business's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. View Valero Energy Partners LP's Earnings History.

Valero Energy Partners LP is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Valero Energy Partners LP.

8 analysts have issued twelve-month target prices for Valero Energy Partners LP's shares. Their forecasts range from $50.00 to $62.00. On average, they expect Valero Energy Partners LP's share price to reach $54.00 in the next twelve months. View Analyst Ratings for Valero Energy Partners LP.

Here are some recent quotes from research analysts about Valero Energy Partners LP stock:

• 1. 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. " (8/4/2017)
• 2. Barclays PLC analysts commented, "In-line 4Q, reiterated distribution growth guidance of +25% in 2017 and at least +20% in 2018. VLP's outlook is supported by a $1B EBITDA drop down inventory at parent VLO, consisting of 45% pipelines and terminals, 20% marine and rail, and 35% fuels marketing by our estimates. With a competitive currency (3.3% current yield vs. 6.6% coverage universe) and recently achieved IG status as of December (BBB-/Baa3), we believe VLP is well-equipped to execute drop downs and thirdparty acquisitions to achieve its guidance. In addition to growth visibility, VLP also offers cash flow stability with 100% fee-based revenues, of which 85% are under minimum volume commitments, and long-term contracts with 10-year initial terms. Maintain PT of $55." (2/6/2017)

Valero Energy Partners LP saw a drop in short interest in the month of June. As of June 30th, there was short interest totalling 553,091 shares, a drop of 45.6% from the June 15th total of 1,016,241 shares. Based on an average daily volume of 218,740 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.5% of the company's stock are short sold.

Some companies that are related to Valero Energy Partners LP include EnLink Midstream Partners, LP (ENLK), Tesoro Logistics LP (ANDX), Phillips 66 Partners LP (PSXP), Enbridge Energy, L.P. (EEP), Shell Midstream Partners, L.P. (SHLX), Tallgrass Energy Partners, LP (TEP), Genesis Energy, L.P. (GEL), Plains Group Holdings, L.P. (PAGP), EnLink Midstream, LLC (ENLC), Semgroup Corporation (SEMG), Western Refining Logistics, LP (WNRL), Summit Midstream Partners, LP (SMLP), Tallgrass Energy GP, LP (TEGP), Ship Finance International Limited (SFL), Enbridge Energy Management LLC (EEQ), Crestwood Midstream Partners LP (CMLP), Noble Midstream Partners LP (NBLX) and PBF Logistics LP (PBFX).

Valero Energy Partners LP's management team includes the folowing people:

• Joseph W. Gorder, Chairman of the Board, Chief Executive Officer of the General Partner
• Richard F. Lashway, President, Chief Operating Officer, Director of General Partner
• Donna M. Titzman, Chief Financial Officer, Senior Vice President, Treasurer, Director of General Partner
• Jay D. Browning, Executive Vice President, General Counsel of General Partner
• R. Lane Riggs, Director of the General Partner
• Robert S. Beadle, Independent Director of the General Partner
• Timothy J. Fretthold, Independent Director of General Partner
• Randall J. Larson, Independent Director of General Partner

Valero Energy Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (8.37%), Goldman Sachs Group Inc. (6.95%), Chickasaw Capital Management LLC (2.20%), Bamco Inc. NY (1.14%), Center Coast Capital Advisors LP (0.78%) and Spirit of America Management Corp NY (0.59%). View Institutional Ownership Trends for Valero Energy Partners LP.

Valero Energy Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Atlantic Trust Group LLC, JPMorgan Chase & Co., Chickasaw Capital Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Duff & Phelps Investment Management Co., Center Coast Capital Advisors LP and Chicago Partners Investment Group LLC. View Insider Buying and Selling for Valero Energy Partners LP.

Valero Energy Partners LP's stock was bought by a variety of institutional investors in the last quarter, including Dividend Assets Capital LLC, Spirit of America Management Corp NY, Tortoise Capital Advisors L.L.C., Bank of Montreal Can, EnTrustPermal Management LLC, Citadel Advisors LLC, Global X Management Co. LLC and NBW Capital LLC. View Insider Buying and Selling for Valero Energy Partners LP.

Shares of Valero Energy Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Valero Energy Partners LP stock can currently be purchased for approximately $40.95.