Western Refining Logistics LP (WNRL) Given Average Recommendation of “Hold” by Analysts
Shares of Western Refining Logistics LP (NYSE:WNRL) have been given an average rating of “Hold” by the ten analysts that are covering the firm. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.80.
A number of analysts have commented on WNRL shares. Zacks Investment Research raised shares of Western Refining Logistics from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, March 15th. TheStreet raised shares of Western Refining Logistics from a “c+” rating to a “b-” rating in a report on Friday, February 17th.
Several hedge funds have recently bought and sold shares of WNRL. Guggenheim Capital LLC boosted its stake in Western Refining Logistics by 54.9% in the fourth quarter. Guggenheim Capital LLC now owns 114,771 shares of the pipeline company’s stock valued at $2,450,000 after buying an additional 40,657 shares during the period. NBW Capital LLC boosted its stake in 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 period. Eagle Global Advisors LLC bought a new stake in Western Refining Logistics during the third quarter valued at $8,403,000. Bank of Montreal Can boosted its stake in Western Refining Logistics by 41.4% in the first quarter. Bank of Montreal Can now owns 84,744 shares of the pipeline company’s stock valued at $2,157,000 after buying an additional 24,799 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Western Refining Logistics by 184.2% in the fourth quarter. Renaissance Technologies LLC now owns 89,805 shares of the pipeline company’s stock valued at $1,917,000 after buying an additional 58,205 shares during the period. Hedge funds and other institutional investors own 63.93% of the company’s stock.
Western Refining Logistics (NYSE:WNRL) traded up 1.00% on Monday, hitting $25.15. The stock had a trading volume of 97,902 shares. Western Refining Logistics has a 12-month low of $18.85 and a 12-month high of $26.28. The company has a 50 day moving average of $24.92 and a 200 day moving average of $23.09. The company has a market capitalization of $1.53 billion, a PE ratio of 19.50 and a beta of 0.83.
Western Refining Logistics (NYSE:WNRL) last issued its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.14. The firm had revenue of $604.69 million for the quarter, compared to the consensus estimate of $594.45 million. Western Refining Logistics had a net margin of 2.80% and a negative return on equity of 1,191.27%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, equities analysts expect that Western Refining Logistics will post $1.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 9th will be given a dividend of $0.4525 per share. The ex-dividend date is Friday, May 5th. This represents a $1.81 annualized dividend and a dividend yield of 7.20%. This is a boost from Western Refining Logistics’s previous quarterly dividend of $0.37. Western Refining Logistics’s dividend payout ratio (DPR) is 153.51%.
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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