Western Refining Logistics’ (WNRL) Neutral Rating Reiterated at JPMorgan Chase & Co.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Western Refining Logistics from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Wednesday, July 27th. TheStreet upgraded shares of Western Refining Logistics from a sell rating to a hold rating in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reiterated a hold rating and issued a $28.00 price objective on shares of Western Refining Logistics in a report on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $28.33.
Western Refining Logistics (NYSE:WNRL) opened at 22.46 on Friday. Western Refining Logistics has a 1-year low of $17.35 and a 1-year high of $26.94. The company has a 50-day moving average price of $23.54 and a 200-day moving average price of $23.61. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.91 and a beta of 0.94.
Western Refining Logistics (NYSE:WNRL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by $0.04. The firm had revenue of $578.60 million for the quarter, compared to analyst estimates of $488.40 million. During the same quarter in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, equities research analysts predict that Western Refining Logistics will post $1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 7.35%. This is a positive change from Western Refining Logistics’s previous quarterly dividend of $0.40.
In related news, insider Jeff A. Stevens acquired 134,408 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was acquired at an average price of $22.32 per share, with a total value of $2,999,986.56. Following the completion of the transaction, the insider now owns 410,691 shares of the company’s stock, valued at $9,166,623.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Linn acquired 11,200 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were bought at an average cost of $22.32 per share, with a total value of $249,984.00. Following the transaction, the director now directly owns 28,148 shares of the company’s stock, valued at approximately $628,263.36. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Western Refining Logistics by 3.9% in the first quarter. State Street Corp now owns 13,431 shares of the company’s stock worth $314,000 after buying an additional 503 shares in the last quarter. US Bancorp DE raised its position in Western Refining Logistics by 2.2% in the second quarter. US Bancorp DE now owns 15,640 shares of the company’s stock valued at $410,000 after buying an additional 334 shares during the period. Duff & Phelps Investment Management Co. acquired a new position in Western Refining Logistics during the first quarter valued at about $701,000. Barclays PLC raised its position in Western Refining Logistics by 63.2% in the second quarter. Barclays PLC now owns 36,578 shares of the company’s stock valued at $958,000 after buying an additional 14,159 shares during the period. Finally, Guggenheim Capital LLC raised its position in Western Refining Logistics by 311.1% in the second quarter. Guggenheim Capital LLC now owns 58,583 shares of the company’s stock valued at $1,534,000 after buying an additional 44,333 shares during the period.
Western Refining Logistics Company Profile
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 are the logistics segment and the wholesale segment.
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