Western Refining Logistics, LP (NYSE:WNRL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Separately, Zacks Investment Research upgraded shares of Western Refining Logistics, from a “strong sell” rating to a “hold” rating in a report on Saturday, February 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.67.

Analyst Recommendations for Western Refining Logistics, (NYSE:WNRL)

Shares of Western Refining Logistics, (NYSE WNRL) traded up 1.83% during midday trading on Friday, hitting $25.00. 62,114 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $25.09 and its 200 day moving average price is $23.90. Western Refining Logistics, has a one year low of $18.85 and a one year high of $26.28. The firm has a market cap of $1.53 billion, a PE ratio of 19.38 and a beta of 0.82.

Western Refining Logistics, (NYSE:WNRL) last announced its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.14. The company had revenue of $604.69 million for the quarter, compared to analysts’ expectations of $594.45 million. Western Refining Logistics, had a return on equity of 93.85% and a net margin of 3.07%. The company’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Equities research analysts forecast that Western Refining Logistics, will post $1.49 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of the company. Jennison Associates increased its stake in Western Refining Logistics, by 27.8% in the third quarter. Jennison Associates now owns 119,887 shares of the pipeline company’s stock worth $2,502,000 after buying an additional 26,050 shares during the period. HITE Hedge Asset Management LLC increased its stake in Western Refining Logistics, by 466.3% in the fourth quarter. HITE Hedge Asset Management LLC now owns 306,931 shares of the pipeline company’s stock worth $7,529,000 after buying an additional 252,730 shares during the period. NBW Capital LLC increased its stake in Western Refining Logistics, by 4.4% in the fourth quarter. NBW Capital LLC now owns 352,264 shares of the pipeline company’s stock worth $8,641,000 after buying an additional 14,906 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Western Refining Logistics, by 8.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 580,461 shares of the pipeline company’s stock worth $14,239,000 after buying an additional 44,997 shares during the period. Finally, Jennison Associates LLC increased its stake in Western Refining Logistics, by 71.6% in the fourth quarter. Jennison Associates LLC now owns 205,727 shares of the pipeline company’s stock worth $5,046,000 after buying an additional 85,840 shares during the period. 44.31% of the stock is owned by hedge funds and other institutional investors.

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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