Shares of Western Refining Logistics LP (NYSE:WNRL) have been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the company. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.83.

WNRL has been the subject of several research reports. Citigroup Inc. raised shares of Western Refining Logistics from a “neutral” rating to a “buy” rating in a research report on Friday, October 21st. RBC Capital Markets raised shares of Western Refining Logistics from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $35.00 in a research report on Tuesday. Cowen and Company reissued an “outperform” rating and issued a $32.00 price target (up previously from $26.00) on shares of Western Refining Logistics in a research report on Monday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Western Refining Logistics in a research report on Friday, September 16th. Finally, TheStreet raised shares of Western Refining Logistics from a “hold” rating to a “buy” rating in a report on Monday, October 10th.

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

Several large investors have recently added to or reduced their stakes in WNRL. Global X Management Co. LLC boosted its stake in 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 worth $112,000 after buying an additional 270 shares during the last quarter. 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 worth $181,000 after buying an additional 7,214 shares in the last quarter. 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 worth $410,000 after buying an additional 334 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Western Refining Logistics during the third quarter worth about $430,000. Finally, Barclays PLC boosted its stake in shares of 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 in the last quarter.

Western Refining Logistics (NYSE:WNRL) opened at 20.00 on Wednesday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 16.25 and a beta of 0.94. Western Refining Logistics has a 1-year low of $17.35 and a 1-year high of $26.58. The company has a 50 day moving average of $22.70 and a 200 day moving average of $23.50.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th will be paid a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.45%. 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.

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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