Western Refining Logistics, LP (WNRL) Receives Average Recommendation of “Hold” from Analysts
Western Refining Logistics, LP (NYSE:WNRL) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Six 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 analysts that have updated their coverage on the stock in the last year is $29.80.
A number of analysts have weighed in on WNRL shares. Zacks Investment Research lowered Western Refining Logistics, from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub upgraded Western Refining Logistics, from a “sell” rating to a “hold” rating in a report on Saturday.
Shares of Western Refining Logistics, (NYSE:WNRL) traded up 0.62% during midday trading on Wednesday, reaching $24.45. The company’s stock had a trading volume of 246,940 shares. Western Refining Logistics, has a 12-month low of $18.85 and a 12-month high of $26.85. The company’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.02. The company has a market capitalization of $1.49 billion, a P/E ratio of 19.70 and a beta of 0.81.
Western Refining Logistics, (NYSE:WNRL) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.11. The firm had revenue of $627.51 million during the quarter, compared to analysts’ expectations of $602.22 million. Western Refining Logistics, had a net margin of 3.05% and a return on equity of 78.84%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, equities research analysts forecast that Western Refining Logistics, will post $1.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 7.65%. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Western Refining Logistics,’s previous quarterly dividend of $0.45. Western Refining Logistics,’s dividend payout ratio is currently 187.00%.
Several hedge funds have recently modified their holdings of WNRL. Bank of Montreal Can raised 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 valued at $2,157,000 after buying an additional 24,799 shares in the last quarter. Morgan Stanley raised its stake in shares of Western Refining Logistics, by 23.6% in the first quarter. Morgan Stanley now owns 2,569,281 shares of the pipeline company’s stock valued at $65,389,000 after buying an additional 490,068 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Western Refining Logistics, during the first quarter valued at approximately $210,000. First Trust Advisors LP acquired a new stake in shares of Western Refining Logistics, during the first quarter valued at approximately $10,561,000. Finally, Lee Financial Co acquired a new stake in shares of Western Refining Logistics, during the second quarter valued at approximately $257,000. Hedge funds and other institutional investors own 44.72% of the company’s stock.
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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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