Shares of Western Refining Logistics LP (NYSE:WNRL) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.80.
Several equities research analysts have weighed in on WNRL shares. Zacks Investment Research downgraded Western Refining Logistics from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 18th. TheStreet raised Western Refining Logistics from a “c+” rating to a “b-” rating in a report on Friday, February 17th.
Shares of Western Refining Logistics (NYSE:WNRL) traded up 2.43% during trading on Monday, reaching $25.30. The company’s stock had a trading volume of 544,025 shares. The stock has a market capitalization of $1.54 billion, a PE ratio of 19.61 and a beta of 0.83. Western Refining Logistics has a 12-month low of $18.85 and a 12-month high of $26.28. The firm’s 50-day moving average is $24.93 and its 200-day moving average is $23.17.
Western Refining Logistics (NYSE:WNRL) last issued its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.14. The business had revenue of $604.69 million during the quarter, compared to analyst estimates of $594.45 million. Western Refining Logistics had a negative return on equity of 1,191.27% and a net margin of 2.80%. Western Refining Logistics’s revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Equities analysts expect that Western Refining Logistics will post $1.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 9th will be paid a $0.4525 dividend. This represents a $1.81 annualized dividend and a dividend yield of 7.15%. This is a boost from Western Refining Logistics’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, May 5th. Western Refining Logistics’s dividend payout ratio (DPR) is presently 153.51%.
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Several hedge funds and other institutional investors have recently made changes to their positions in WNRL. Monashee Investment Management LLC purchased a new position in shares of Western Refining Logistics during the third quarter valued at about $927,000. NBW Capital LLC boosted its position in shares of Western Refining Logistics by 1.9% in the third quarter. NBW Capital LLC now owns 353,808 shares of the pipeline company’s stock valued at $8,201,000 after buying an additional 6,589 shares during the last quarter. Morgan Stanley boosted its position in shares of Western Refining Logistics by 34.6% in the third quarter. Morgan Stanley now owns 2,105,999 shares of the pipeline company’s stock valued at $48,817,000 after buying an additional 541,821 shares during the last quarter. TPH Asset Management LLC boosted its position in shares of Western Refining Logistics by 6.2% in the third quarter. TPH Asset Management LLC now owns 1,627,409 shares of the pipeline company’s stock valued at $37,723,000 after buying an additional 95,602 shares during the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in shares of Western Refining Logistics during the third quarter valued at about $8,403,000. Hedge funds and other institutional investors own 63.93% of the company’s stock.
About Western Refining Logistics
Western Refining Logistics, LP owns, operates, develops, and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets related to the terminaling, transportation, storage and distribution of crude oil and refined products. The Company’s segments include logistics and wholesale.
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