World Point Terminals LP (WPT) Shares Down 2.2%
World Point Terminals LP (NYSE:WPT) shares were down 2.2% during trading on Monday . The company traded as low as $15.90 and last traded at $16.09, with a volume of 51,945 shares trading hands. The stock had previously closed at $16.46.
A number of research analysts have recently commented on WPT shares. Zacks Investment Research raised World Point Terminals from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, April 1st. TheStreet raised World Point Terminals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th.
The company’s 50-day moving average price is $15.54 and its 200 day moving average price is $14.47. The stock has a market cap of $560.91 million and a PE ratio of 16.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Thursday, July 28th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend is Tuesday, July 26th.
In related news, major shareholder Paul A. Novelly acquired 10,000 shares of the stock in a transaction on Friday, June 17th. The stock was acquired at an average price of $15.10 per share, for a total transaction of $151,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Louis Graziadio III sold 2,800 shares of World Point Terminals stock in a transaction on Monday, May 16th. The shares were sold at an average price of $15.05, for a total value of $42,140.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $150,500. The disclosure for this sale can be found here.
World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.
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