Tph Asset Management buys $25.2 Million stake in Valero Energy Partners LP (VLP)

Valero Energy Partners LP (VLP) : Tph Asset Management scooped up 355,595 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 May 13, 2016. The investment management firm now holds a total of 544,616 shares of Valero Energy Partners LP which is valued at $25.2 Million.Valero Energy Partners LP makes up approximately 2.75% of Tph Asset Management’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in VLP in the latest quarter, The investment management firm added 40,465 additional shares and now holds a total of 54,395 shares of Valero Energy Partners LP which is valued at $2.5 Million. Valero Energy Partners LP makes up approx 0.15% of Clinton Group Inc’s portfolio.Solaris Asset Management boosted its stake in VLP in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 1,467 shares of Valero Energy Partners LP which is valued at $67,849. Valero Energy Partners LP makes up approx 0.05% of Solaris Asset Management’s portfolio.Alps Advisors Inc reduced its stake in VLP by selling 1,811 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 8,733 shares of VLP which is valued at $403,901.Ftb Advisors boosted its stake in VLP in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 410 shares of Valero Energy Partners LP which is valued at $18,963.

Valero Energy Partners LP closed down -0.24 points or -0.56% at $42.98 with 3,39,337 shares getting traded on Wednesday. Post opening the session at $43.34, the shares hit an intraday low of $42.65 and an intraday high of $43.73 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 $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.64. The company had revenue of $78.80 million for the quarter, compared to analysts expectations of $79.90 million. The company’s revenue was up 88.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Valero Energy Partners LP. Valero Energy Partners LP was Initiated by Raymond James to “Outperform” on Apr 21, 2016. Drexel Hamilton Initiated Valero Energy Partners LP on Apr 7, 2016 to “Buy”, Price Target of the shares are set at $60.Valero Energy Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 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 Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and United States Mid-Continent regions; Valero’s McKee Refinery located in Sunray Texas; Valero’s Three Rivers Refinery located in Three Rivers Texas; Valero’s Memphis Refinery located in Memphis Tennessee and Valero’s 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 Valero’s McKee Refinery in Sunray Texas. Memphis logistics system includes its Collierville crude system and its Memphis products system.

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