A Reversal for Valero Energy Partners LP (VLP) Is Not Near. The Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Henry Gaston

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.47, from 1.19 in 2017Q1. It dived, 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.
Moreover, Hirtle Callaghan & Co Ltd Llc has 0.01% invested in Valero Energy Partners LP (NYSE:VLP). Ameriprise Fincl invested in 34,469 shares. Cbre Clarion Lc owns 64,194 shares. Moreover, Barclays Public Ltd has 0% invested in Valero Energy Partners LP (NYSE:VLP). Diversified Tru Co owns 14,964 shares. Northern Tru holds 0% or 8,323 shares in its portfolio. Nuveen Asset Mgmt has 0.01% invested in Valero Energy Partners LP (NYSE:VLP). Cushing Asset Mgmt L P owns 786,071 shares. Credit Suisse Ag owns 0% invested in Valero Energy Partners LP (NYSE:VLP) for 32,142 shares. Hightower Advisors Limited Liability Company invested in 0.04% or 103,511 shares. Estabrook Capital Management holds 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 2,036 shares. Blackrock holds 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 247,542 shares. Pnc Finance Gru invested in 0% or 2,870 shares. Barnett & Communications Incorporated holds 0.04% or 1,750 shares in its portfolio. Global X Mgmt Com Ltd Liability Corporation reported 0.24% stake.

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. The firm earned “Neutral” rating on Wednesday, October 18 by Citigroup. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Buy” rating by Scotia Capital on Friday, March 24. The rating was maintained by Barclays Capital on Friday, August 7 with “Overweight”. The company was maintained on Monday, October 30 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Tuesday, March 7. Scotia Capital maintained Valero Energy Partners LP (NYSE:VLP) on Friday, April 28 with “Buy” rating. The firm has “Outperform” rating given on Thursday, April 21 by Raymond James. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Buy” rating by Evercore on Monday, October 26. The firm earned “Outperform” rating on Monday, November 2 by RBC Capital Markets. Mizuho initiated it with “Buy” rating and $57 target in Friday, September 30 report.

More important recent Valero Energy Partners LP (NYSE:VLP) news were published by: Seekingalpha.com which released: “Valero Energy Partners’ (VLP) Q2 2017 Results – Earnings Call Transcript” on July 28, 2017, also Nasdaq.com published article titled: “Valero Energy Partners LP is Oversold”, 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: Nasdaq.com and their article: “Valero Energy Corporation Will Attend The Goldman Sachs Global Energy Conference” with publication date: November 29, 2017.

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