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

December 7, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.47, from 1.19 in 2017Q1. It fall, 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.
Sei Company stated it has 4,320 shares or 0% of all its holdings. Ftb Advisors Inc accumulated 0% or 603 shares. Nbw Llc reported 166,102 shares. Goldman Sachs Gp invested 0.06% in Valero Energy Partners LP (NYSE:VLP). Pnc Fincl Services reported 0% in Valero Energy Partners LP (NYSE:VLP). Entrustpermal Limited Liability Company invested in 33,526 shares or 0.66% of the stock. Ent Fincl Services Corporation owns 0.01% invested in Valero Energy Partners LP (NYSE:VLP) for 532 shares. Ameriprise Fincl holds 34,469 shares or 0% of its portfolio. Chickasaw Capital Mngmt Ltd Liability invested 1.43% of its portfolio in Valero Energy Partners LP (NYSE:VLP). Hsbc Hldg Public Limited Liability Company, a United Kingdom-based fund reported 24,000 shares. Diversified Trust Company has invested 0.06% in Valero Energy Partners LP (NYSE:VLP). Nelson Van Denburg & Campbell Wealth Mngmt Group Inc Limited Liability stated it has 0% in Valero Energy Partners LP (NYSE:VLP). Blackrock accumulated 247,542 shares. Guggenheim Capital Llc owns 11,587 shares. Van Eck Associates reported 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP).

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 earnings per share, 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 earnings per share 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 has “Overweight” rating given on Friday, August 7 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. On Thursday, September 24 the stock rating was upgraded by Suntrust Robinson to “Buy”. As per Thursday, September 24, the company rating was upgraded by SunTrust. RBC Capital Markets maintained the stock with “Buy” rating in Monday, April 24 report. The stock has “Buy” rating by Scotia Capital on Friday, April 28. Evercore maintained the stock with “Buy” rating in Monday, October 26 report. The stock of Valero Energy Partners LP (NYSE:VLP) earned “Neutral” rating by Credit Suisse on Monday, October 26. RBC Capital Markets maintained Valero Energy Partners LP (NYSE:VLP) rating on Sunday, July 30. RBC Capital Markets has “Buy” rating and $6200 target. The stock has “Buy” rating by ValuEngine on Friday, May 26.

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 Seekingalpha.com published article titled: “Valero Energy Partners’ (VLP) Q2 2017 Results – Earnings Call Transcript”, Nasdaq.com published: “Valero Energy Corporation Will Attend The Goldman Sachs Global Energy Conference” on November 29, 2017. More interesting news about Valero Energy Partners LP (NYSE:VLP) was released by: Seekingalpha.com and their article: “Valero Energy Partners’ (VLP) Q3 2017 Results – Earnings Call Transcript” with publication date: October 27, 2017.

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