Western Refining Logistics LP (NYSE:WNRL) was upgraded by equities researchers at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a report released on Tuesday. The brokerage presently has a $35.00 price objective on the stock, up from their previous price objective of $30.00. RBC Capital Markets’ price target indicates a potential upside of 67.06% from the company’s current price.

Several other brokerages have also recently issued reports on WNRL. Zacks Investment Research cut shares of Western Refining Logistics from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating and set a $28.00 price target on shares of Western Refining Logistics in a research report on Wednesday, August 3rd. TheStreet raised shares of Western Refining Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG reduced their price target on shares of Western Refining Logistics from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Monday, October 10th. Finally, Citigroup Inc. raised shares of Western Refining Logistics from a “neutral” rating to a “buy” rating in a research report on Friday, October 21st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.29.

Analyst Recommendations for Western Refining Logistics (NYSE:WNRL)

Shares of Western Refining Logistics (NYSE:WNRL) opened at 20.95 on Tuesday. The firm has a market capitalization of $1.28 billion, a PE ratio of 17.02 and a beta of 0.94. The firm’s 50-day moving average is $22.75 and its 200 day moving average is $23.52. Western Refining Logistics has a 52 week low of $17.35 and a 52 week high of $26.58.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Monday, November 7th will be issued a $0.4225 dividend. This is a boost from Western Refining Logistics’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.69 annualized dividend and a yield of 8.07%.

In other news, insider Jeff A. Stevens bought 134,408 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of $22.32 per share, with a total value of $2,999,986.56. Following the completion of the acquisition, the insider now directly owns 410,691 shares in the company, valued at $9,166,623.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Linn bought 11,200 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The stock was purchased 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 $628,263.36. The disclosure for this purchase can be found here.

Hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC boosted its stake in shares of Western Refining Logistics by 5.9% in the third quarter. Global X Management Co. LLC now owns 4,837 shares of the company’s stock valued at $112,000 after buying an additional 270 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Western Refining Logistics by 1,198.3% in the third quarter. JPMorgan Chase & Co. now owns 7,816 shares of the company’s stock valued at $181,000 after buying an additional 7,214 shares during the period. US Bancorp DE boosted its stake in shares of Western Refining Logistics by 2.2% in the second quarter. US Bancorp DE now owns 15,640 shares of the company’s stock valued at $410,000 after buying an additional 334 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Western Refining Logistics during the third quarter valued at $430,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of Western Refining Logistics during the third quarter valued at $927,000.

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 are the logistics segment and the wholesale segment.

5 Day Chart for NYSE:WNRL

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