Western Refining Logistics, LP (NYSE:WNRL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets. The Company’s assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S. Western Refining Logistics, LP is headquartered in El Paso, Texas. “

Separately, BidaskClub raised Western Refining Logistics, from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.67.

Western Refining Logistics, (WNRL) traded up 1.35% on Wednesday, reaching $26.35. 186,105 shares of the company’s stock were exchanged. Western Refining Logistics, has a 12 month low of $18.85 and a 12 month high of $26.85. The firm has a 50 day moving average of $25.20 and a 200 day moving average of $24.08. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.43 and a beta of 0.81.

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

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A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of 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 worth $2,157,000 after buying an additional 24,799 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Western Refining Logistics, by 54.9% in the fourth quarter. Guggenheim Capital LLC now owns 114,771 shares of the pipeline company’s stock worth $2,450,000 after buying an additional 40,657 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Western Refining Logistics, during the first quarter worth about $210,000. First Trust Advisors LP bought a new stake in shares of Western Refining Logistics, during the first quarter worth about $10,561,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Western Refining Logistics, by 184.2% in the fourth quarter. Renaissance Technologies LLC now owns 89,805 shares of the pipeline company’s stock worth $1,917,000 after buying an additional 58,205 shares in the last quarter. 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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Analyst Recommendations for Western Refining Logistics, (NYSE:WNRL)

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