What's Ahead For This Dividend Darling: Spectra Energy Partners, LP (NYSE:SEP)

Renaissance Technologies LLC raised its position in shares of Blueknight Energy Partners L.P., L.L.C.by 22.9% in the first quarter. Bank of America Corp DE now owns 1,372,606 shares of the pipeline company's stock worth $9,265,000 after buying an additional 217,615 shares during the period. Scotiabank reiterated a "buy" rating and set a $51.00 price objective on shares of Valero Energy Partners in a research note on Thursday, April 27th. Neuberger Berman Group LLC now owns 6,272,772 shares of the pipeline company's stock worth $42,341,000 after buying an additional 425,609 shares during the last quarter. Creative Planning boosted its position in Valero Energy Partners by 26.9% in the second quarter. OppenheimerFunds Inc. now owns 2,034,054 shares of the pipeline company's stock worth $13,730,000 after buying an additional 278,680 shares during the last quarter. Global X Management Co. Driehaus Capital Management LLC raised its stake in Valero Energy Partners by 157.0% in the first quarter. LLC now owns 29,556 shares of the oil and gas company's stock worth $668,000 after buying an additional 1,121 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Valero Energy Partners during the first quarter worth $522,000. (NASDAQ:BKEP) Director Robert Howard Lampton acquired 10,570 shares of the company's stock in a transaction dated Friday, June 9th.

Long term investors looking for stable stocks should take a look at Spectra Energy Partners, LP (NYSE:SEP). The stock has a 50 day moving average price of $44.97 and a 200 day moving average price of $46.54.

The recently concluded session had traders exchanging NGL Energy Partners LP (NYSE:NGL) low level. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 15.70 and a beta of 0.75.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings data on Friday, April 28th. The pipeline company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.73 by $0.01.

Blueknight Energy Partners L.P., L.L.C. had a negative return on equity of 12.43% and a negative net margin of 1.11%. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $103.82 million.

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Several research firms have recently commented on VLP. Equities research analysts expect that Valero Energy Partners LP will post $3.16 earnings per share for the current fiscal year. Citigroup Inc. restated a "neutral" rating and issued a $50.00 price target (up from $46.00) on shares of Valero Energy Partners in a report on Saturday, April 22nd. ValuEngine upgraded Valero Energy Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of "Buy" and a consensus price target of $53.78. Valero Energy Partners LP (VLP) has risen 4.06% since July 17, 2016 and is uptrending. The shares were purchased at an average price of $6.70 per share, for a total transaction of $70,819.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. ING Groep NV bought a new stake in Valero Energy Partners during the first quarter valued at approximately $3,641,000. The Company's assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the activities of the ten of Valero Energy Corporation refineries. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services.

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