Western Refining Logistics, LP (WNRL) Holdings Cut by Center Coast Capital Advisors LP
Center Coast Capital Advisors LP cut its holdings in Western Refining Logistics, LP (NYSE:WNRL) by 25.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,734 shares of the pipeline company’s stock after selling 47,252 shares during the quarter. Center Coast Capital Advisors LP owned 0.22% of Western Refining Logistics, worth $3,502,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its stake in Western Refining Logistics, by 503.0% in the second quarter. Penserra Capital Management LLC now owns 4,583 shares of the pipeline company’s stock valued at $117,000 after buying an additional 3,823 shares during the period. Lee Financial Co acquired a new position in Western Refining Logistics, in the second quarter valued at approximately $257,000. Citadel Advisors LLC raised its position in shares of Western Refining Logistics, by 197.0% during the second quarter. Citadel Advisors LLC now owns 10,960 shares of the pipeline company’s stock worth $281,000 after purchasing an additional 22,260 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Western Refining Logistics, during the second quarter worth approximately $323,000. Finally, Mizuho Securities USA LLC acquired a new position in shares of Western Refining Logistics, during the third quarter worth approximately $349,000. 40.12% of the stock is currently owned by hedge funds and other institutional investors.
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Western Refining Logistics, LP (WNRL) traded down $0.45 during midday trading on Tuesday, reaching $23.85. The company had a trading volume of 778,300 shares, compared to its average volume of 213,410. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.91. Western Refining Logistics, LP has a twelve month low of $18.85 and a twelve month high of $26.85.
WNRL has been the topic of a number of research reports. BidaskClub raised Western Refining Logistics, from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised Western Refining Logistics, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $35.00.
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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