Western Refining Logistics LP Plans Quarterly Dividend of $0.24 (WNRL)
Western Refining Logistics LP (NASDAQ:WNRL) announced a quarterly dividend on Friday, January 31st, Analyst Ratings News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.2407 per share on Monday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 3.49%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Western Refining Logistics LP from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $28.60 price target on the stock. On a related note, analysts at Credit Suisse downgraded shares of Western Refining Logistics LP from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. Finally, analysts at Barclays initiated coverage on shares of Western Refining Logistics LP in a research note to investors on Monday, November 4th. They set an “overweight” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Western Refining Logistics LP currently has a consensus rating of “Buy” and an average target price of $28.15.
Shares of Western Refining Logistics LP (NASDAQ:WNRL) traded up 0.15% during mid-day trading on Friday, hitting $27.60. The stock had a trading volume of 36,366 shares. Western Refining Logistics LP has a 52 week low of $23.12 and a 52 week high of $28.94. The stock has a 50-day moving average of $26.64 and a 200-day moving average of $25.56. The company’s market cap is $1.259 billion.
Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets.
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