Valero Energy Partners LP (VLP)’s Stock Formed A Several Months Bearish Wedge Down Chart Pattern

December 7, 2017 - By Henry Gaston

Investors sentiment decreased to 0.72 in 2017 Q2. Its down 0.47, from 1.19 in 2017Q1. It worsened, as 11 investors sold Valero Energy Partners LP shares while 32 reduced holdings. 9 funds opened positions while 22 raised stakes. 20.72 million shares or 4.24% less from 21.64 million shares in 2017Q1 were reported.
Van Eck Assoc owns 29,925 shares. Moreover, Citigroup has 0% invested in Valero Energy Partners LP (NYSE:VLP) for 41,323 shares. Center Coast Cap L P stated it has 0.62% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Nuveen Asset Mngmt Ltd Llc reported 27,518 shares stake. Northern Tru Corp owns 8,323 shares. Conning invested 0.03% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Tortoise Cap Advsrs Ltd Liability Company stated it has 1.69% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Alps Advsr Incorporated, Colorado-based fund reported 10,365 shares. Enterprise Fincl Services Corp stated it has 0.01% in Valero Energy Partners LP (NYSE:VLP). Nelson Van Denburg Campbell Wealth Mngmt Gru Limited Liability Company owns 181 shares. Diversified Tru Communications has invested 0.06% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Susquehanna Gp Limited Liability Partnership accumulated 0% or 6,147 shares. Spirit Of America Mngmt New York holds 1.98% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 403,190 shares. Stephens Ar has 0.01% invested in Valero Energy Partners LP (NYSE:VLP) for 8,900 shares. Hightower Advsrs Ltd Limited Liability Company holds 0.04% or 103,511 shares.

The stock of Valero Energy Partners LP (VLP) formed a down wedge with $39.53 target or 3.00 % below today’s $40.75 share price. The 5 months wedge indicates high risk for the $2.84B company. If the $39.53 price target is reached, the company will be worth $85.05 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.30% or $0.12 during the last trading session, reaching $40.75. About 78,223 shares traded. Valero Energy Partners LP (NYSE:VLP) has risen 4.06% since December 8, 2016 and is uptrending. It has underperformed by 12.64% the S&P500.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on February, 1. They expect $0.74 EPS, down 3.90 % or $0.03 from last year’s $0.77 per share. VLP’s profit will be $51.48M for 13.77 P/E if the $0.74 EPS becomes a reality. After $0.65 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts 13.85 % EPS growth.

Valero Energy Partners LP (NYSE:VLP) Ratings Coverage

Among 13 analysts covering Valero Energy Partners LP (NYSE:VLP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Valero Energy Partners LP had 33 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse downgraded Valero Energy Partners LP (NYSE:VLP) on Tuesday, October 13 to “Neutral” rating. Citigroup maintained the shares of VLP in report on Wednesday, October 18 with “Neutral” rating. The stock of Valero Energy Partners LP (NYSE:VLP) has “Buy” rating given on Friday, May 26 by Citigroup. Credit Suisse initiated the stock with “Neutral” rating in Monday, October 26 report. Scotia Capital maintained it with “Buy” rating and $51 target in Friday, March 24 report. The rating was upgraded by ValuEngine on Friday, May 26 to “Buy”. Jefferies upgraded the shares of VLP in report on Wednesday, August 23 to “Buy” rating. Scotia Capital maintained the stock with “Buy” rating in Friday, April 28 report. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Buy” rating by SunTrust on Thursday, September 24. The stock has “Buy” rating by Mizuho on Friday, October 27.

More important recent Valero Energy Partners LP (NYSE:VLP) news were published by: Nasdaq.com which released: “Valero Energy Partners LP is Oversold” on September 21, 2017, also Nasdaq.com published article titled: “Valero Energy Corporation Will Attend The Goldman Sachs Global Energy Conference”, Seekingalpha.com published: “Valero Energy Partners’ (VLP) Q3 2017 Results – Earnings Call Transcript” on October 27, 2017. More interesting news about Valero Energy Partners LP (NYSE:VLP) was released by: Seekingalpha.com and their article: “Valero Energy Partners’ (VLP) Q2 2017 Results – Earnings Call Transcript” with publication date: July 28, 2017.

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