Western Refining Logistics LP (NYSE:WNRL) had its price target reduced by Deutsche Bank AG from $26.00 to $25.00 in a research note published on Monday. Deutsche Bank AG currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on WNRL. TheStreet raised Western Refining Logistics from a sell rating to a hold rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a hold rating and issued a $28.00 price objective on shares of Western Refining Logistics in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Western Refining Logistics in a research note on Friday, September 16th. Cowen and Company reaffirmed an outperform rating and issued a $32.00 price objective (up from $26.00) on shares of Western Refining Logistics in a research note on Monday, September 19th. Finally, Zacks Investment Research raised Western Refining Logistics from a sell rating to a hold rating in a research note on Thursday, July 21st. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $28.33.

Analyst Recommendations for Western Refining Logistics (NYSE:WNRL)

Shares of Western Refining Logistics (NYSE:WNRL) traded down 0.92% during midday trading on Monday, reaching $23.78. The company had a trading volume of 4,212 shares. The company’s 50-day moving average is $23.18 and its 200-day moving average is $23.81. Western Refining Logistics has a 1-year low of $17.35 and a 1-year high of $26.94. The stock has a market capitalization of $1.23 billion, a PE ratio of 17.91 and a beta of 0.94.

Western Refining Logistics (NYSE:WNRL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.04. The company earned $578.60 million during the quarter, compared to the consensus estimate of $488.40 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was down 21.4% compared to the same quarter last year. On average, equities research analysts forecast that Western Refining Logistics will post $1.39 EPS for the current year.

In related news, Director Michael C. Linn purchased 11,200 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average cost of $22.32 per share, for a total transaction of $249,984.00. Following the acquisition, the director now owns 28,148 shares of the company’s stock, valued at approximately $628,263.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff A. Stevens purchased 134,408 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was bought at an average price of $22.32 per share, for a total transaction of $2,999,986.56. Following the completion of the acquisition, the insider now directly owns 410,691 shares in the company, valued at approximately $9,166,623.12. The disclosure for this purchase can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Western Refining Logistics by 3.9% in the first quarter. State Street Corp now owns 13,431 shares of the company’s stock worth $314,000 after buying an additional 503 shares in the last quarter. US Bancorp DE boosted its stake in Western Refining Logistics by 2.2% in the second quarter. US Bancorp DE now owns 15,640 shares of the company’s stock worth $410,000 after buying an additional 334 shares during the last quarter. Barclays PLC boosted its stake in Western Refining Logistics by 63.2% in the second quarter. Barclays PLC now owns 36,578 shares of the company’s stock worth $958,000 after buying an additional 14,159 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Western Refining Logistics by 311.1% in the second quarter. Guggenheim Capital LLC now owns 58,583 shares of the company’s stock worth $1,534,000 after buying an additional 44,333 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Western Refining Logistics by 3.1% in the second quarter. BlackRock Inc. now owns 74,299 shares of the company’s stock worth $1,946,000 after buying an additional 2,248 shares during the last quarter.

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 are the logistics segment and the wholesale segment.

5 Day Chart for NYSE:WNRL

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