Western Refining Logistics’ (WNRL) Neutral Rating Reiterated at JPMorgan Chase & Co.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Western Refining Logistics from a hold rating to a buy rating and set a $26.00 target price for the company in a research report on Wednesday, July 27th. Credit Suisse Group AG reissued a hold rating and issued a $28.00 price objective on shares of Western Refining Logistics in a research report on Wednesday, August 3rd. Finally, TheStreet raised shares of Western Refining Logistics from a sell rating to a hold rating in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $28.33.
Western Refining Logistics (NYSE:WNRL) opened at 22.46 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 16.91 and a beta of 0.94. Western Refining Logistics has a 52-week low of $17.35 and a 52-week high of $26.94. The company has a 50-day moving average of $23.54 and a 200 day moving average of $23.61.
Western Refining Logistics (NYSE:WNRL) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $578.60 million for the quarter, compared to analyst estimates of $488.40 million. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts anticipate that Western Refining Logistics will post $1.42 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.4125 per share. This is an increase from Western Refining Logistics’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.65 annualized dividend and a dividend yield of 7.35%.
In related news, insider Jeff A. Stevens bought 134,408 shares of Western Refining Logistics stock in a transaction that occurred on 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 acquisition, the insider now owns 410,691 shares of the company’s stock, valued at approximately $9,166,623.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Linn bought 11,200 shares of Western Refining Logistics stock in a transaction that occurred on 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 acquisition, the director now directly owns 28,148 shares in the company, valued at approximately $628,263.36. The disclosure for this purchase can be found here.
Hedge funds have recently made changes to their positions in the company. Harvest Fund Advisors LLC increased its stake in shares of Western Refining Logistics by 1.5% in the second quarter. Harvest Fund Advisors LLC now owns 3,811,520 shares of the company’s stock valued at $99,824,000 after buying an additional 56,215 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of 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. Barclays PLC boosted its stake in shares of 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. Uniplan Investment Counsel Inc. acquired a new stake in shares of Western Refining Logistics during the second quarter valued at $5,357,000. Finally, US Bancorp DE boosted its stake in shares of 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.
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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