Western Refining Logistics, LP (NYSE:WNRL) released its quarterly earnings data on Tuesday. The pipeline company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.11, Briefing.com reports. The company had revenue of $627.51 million for the quarter, compared to analyst estimates of $602.22 million. Western Refining Logistics, had a return on equity of 93.85% and a net margin of 3.07%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS.

Western Refining Logistics, (NYSE WNRL) traded up 0.20% during midday trading on Wednesday, reaching $24.60. The company’s stock had a trading volume of 540,294 shares. The company has a 50 day moving average price of $25.64 and a 200 day moving average price of $24.90. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 19.07 and a beta of 0.81. Western Refining Logistics, has a 1-year low of $18.85 and a 1-year high of $26.85.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be given a $0.4675 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.87 dividend on an annualized basis and a yield of 7.60%. This is an increase from Western Refining Logistics,’s previous quarterly dividend of $0.45. Western Refining Logistics,’s payout ratio is currently 171.56%.

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Hedge funds have recently made changes to their positions in the company. Atlantic Trust Group LLC increased its position in Western Refining Logistics, by 18.2% in the second quarter. Atlantic Trust Group LLC now owns 1,725,766 shares of the pipeline company’s stock worth $44,266,000 after buying an additional 265,327 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Western Refining Logistics, by 30.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 682,706 shares of the pipeline company’s stock worth $17,511,000 after buying an additional 160,032 shares during the period. JPMorgan Chase & Co. increased its position in Western Refining Logistics, by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 477,265 shares of the pipeline company’s stock worth $12,242,000 after buying an additional 22,569 shares during the period. Penserra Capital Management LLC increased its position 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 worth $117,000 after buying an additional 3,823 shares during the period. Finally, HITE Hedge Asset Management LLC increased its position in Western Refining Logistics, by 41.5% in the second quarter. HITE Hedge Asset Management LLC now owns 255,868 shares of the pipeline company’s stock worth $6,563,000 after buying an additional 75,000 shares during the period. 44.83% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. BidaskClub lowered Western Refining Logistics, from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Western Refining Logistics, from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.67.

Western Refining Logistics, Company Profile

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.

Earnings History for Western Refining Logistics, (NYSE:WNRL)

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