Valero Energy Partners LP (VLP) : Tph Asset Management scooped up 325,579 additional shares in Valero Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 870,195 shares of Valero Energy Partners LP which is valued at $36,408,959.Valero Energy Partners LP makes up approximately 3.50% of Tph Asset Management’s portfolio.
Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in VLP in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 1,844 shares of Valero Energy Partners LP which is valued at $77,153.Hightower Advisors boosted its stake in VLP in the latest quarter, The investment management firm added 2,686 additional shares and now holds a total of 105,638 shares of Valero Energy Partners LP which is valued at $4,419,894. Valero Energy Partners LP makes up approx 0.05% of Hightower Advisors’s portfolio.Neuberger Berman Group reduced its stake in VLP by selling 6,318 shares or 34.07% in the most recent quarter. The Hedge Fund company now holds 12,225 shares of VLP which is valued at $500,003. Quantbot Technologies Lp added VLP to its portfolio by purchasing 2,245 company shares during the most recent quarter which is valued at $94,806. Valero Energy Partners LP makes up approx 0.01% of Quantbot Technologies Lp’s portfolio. Simplex Trading sold out all of its stake in VLP during the most recent quarter. The investment firm sold 506 shares of VLP which is valued $21,885.
Valero Energy Partners LP closed down -0.39 points or -0.93% at $41.5 with 61,787 shares getting traded on Thursday. Post opening the session at $42.4, the shares hit an intraday low of $40.82 and an intraday high of $42.4 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Valero Energy Partners LP reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.66. The company had revenue of $87.70 million for the quarter, compared to analysts expectations of $85.21 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Valero Energy Partners LP. Jefferies Initiated Valero Energy Partners LP on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $53.Valero Energy Partners LP was Upgraded by Credit Suisse to ” Outperform” on Aug 8, 2016.
Valero Energy Partners LP is a master limited partnership (MLP). The Company owns operates develops and acquires crude oil and refined petroleum products pipelines terminals and other transportation and logistics assets. The Companys assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and United States Mid-Continent regions; Valeros McKee Refinery located in Sunray Texas; Valeros Three Rivers Refinery located in Three Rivers Texas; Valeros Memphis Refinery located in Memphis Tennessee and Valeros Ardmore Refinery located in Ardmore Oklahoma. Port Arthur logistics system includes its Lucas crude system and its Port Arthur products system. McKee logistics system is a crude oil and refined petroleum products pipeline and terminal system supporting Valeros McKee Refinery in Sunray Texas. Memphis logistics system includes its Collierville crude system and its Memphis products system.