Valero Energy Partners LP (VLP) : Chicago Partners Investment Group scooped up 7,917 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 8, 2016. The investment management firm now holds a total of 10,400 shares of Valero Energy Partners LP which is valued at $425,880.Valero Energy Partners LP makes up approximately 0.20% of Chicago Partners Investment Group’s portfolio.
Other Hedge Funds, Including , Gsa Capital Partners Llp added VLP to its portfolio by purchasing 4,469 company shares during the most recent quarter which is valued at $182,782. Valero Energy Partners LP makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.Chickasaw Capital Management boosted its stake in VLP in the latest quarter, The investment management firm added 115,825 additional shares and now holds a total of 1,604,472 shares of Valero Energy Partners LP which is valued at $65,622,905. Valero Energy Partners LP makes up approx 1.64% of Chickasaw Capital Management’s portfolio.Creative Planning reduced its stake in VLP by selling 270 shares or 19.14% in the most recent quarter. The Hedge Fund company now holds 1,141 shares of VLP which is valued at $51,277.
Valero Energy Partners LP opened for trading at $41.89 and hit $42.425 on the upside on Monday, eventually ending the session at $42, with a gain of 0.38% or 0.16 points. The heightened volatility saw the trading volume jump to 2,74,262 shares. Company has a market cap of $2,831 M.
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.