Valero Energy Partners LP (VLP) : Samson Capital Management has sold out all of its stake in Valero Energy Partners LP during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 194,682 shares of Valero Energy Partners LP which is valued at $8,215,580.
Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in VLP by selling 102 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 1,198 shares of VLP which is valued at $50,556. Valero Energy Partners LP makes up approx 0.04% of Acrospire Investment Management’s portfolio.Duff Phelps Investment Management Co boosted its stake in VLP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 309,240 shares of Valero Energy Partners LP which is valued at $13,176,716. Valero Energy Partners LP makes up approx 0.20% of Duff Phelps Investment Management Co’s portfolio.
Valero Energy Partners LP closed down -0.98 points or -2.34% at $40.83 with 92,440 shares getting traded on Wednesday. Post opening the session at $42, the shares hit an intraday low of $40.83 and an intraday high of $42.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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.