Western Refining Logistics, LP (NYSE:WNRL) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

WNRL has been the subject of a number of research reports. BidaskClub upgraded shares of Western Refining Logistics, from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Western Refining Logistics, from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 26th.

Shares of Western Refining Logistics, (NYSE:WNRL) traded up 0.101% during trading on Thursday, reaching $24.775. The company’s stock had a trading volume of 61,579 shares. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 19.964 and a beta of 0.80. Western Refining Logistics, has a one year low of $18.85 and a one year high of $26.85. The firm’s 50-day moving average price is $25.47 and its 200-day moving average price is $25.24.

Western Refining Logistics, (NYSE:WNRL) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.11). The company had revenue of $627.51 million for 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%. Western Refining Logistics,’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate that Western Refining Logistics, will post $1.27 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC grew its position in shares of Western Refining Logistics, by 503.0% during the 2nd quarter. Penserra Capital Management LLC now owns 4,583 shares of the pipeline company’s stock valued at $117,000 after acquiring an additional 3,823 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Western Refining Logistics, by 118.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 4,586 shares during the period. Global X Management Co. LLC grew its position in shares of Western Refining Logistics, by 4.0% during the 1st quarter. Global X Management Co. LLC now owns 9,530 shares of the pipeline company’s stock valued at $243,000 after acquiring an additional 370 shares during the period. Lee Financial Co bought a new stake in shares of Western Refining Logistics, during the 2nd quarter valued at $257,000. Finally, Citadel Advisors LLC grew its position in shares of Western Refining Logistics, by 197.0% during the 2nd quarter. Citadel Advisors LLC now owns 10,960 shares of the pipeline company’s stock valued at $281,000 after acquiring an additional 22,260 shares during the period. 40.49% of the stock is owned by hedge funds and other institutional investors.

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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.

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