Western Refining Logistics LP (NYSE:WNRL) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently weighed in on WNRL. Zacks Investment Research upgraded shares of Western Refining Logistics from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 27th. RBC Capital Markets upgraded shares of Western Refining Logistics from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a research report on Tuesday, November 15th. Barclays PLC lowered their price objective on shares of Western Refining Logistics from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, September 26th. Cowen and Company restated an “outperform” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Western Refining Logistics in a research report on Monday, September 19th. Finally, Deutsche Bank AG lowered their price objective on shares of Western Refining Logistics from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.29.

Analyst Recommendations for Western Refining Logistics (NYSE:WNRL)

Shares of Western Refining Logistics (NYSE:WNRL) traded down 1.50% during midday trading on Friday, hitting $19.70. 333,118 shares of the company traded hands. The stock has a market capitalization of $1.20 billion, a P/E ratio of 16.00 and a beta of 0.94. Western Refining Logistics has a 12-month low of $17.35 and a 12-month high of $26.58. The stock’s 50-day moving average is $22.53 and its 200 day moving average is $23.40.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th will be given a dividend of $0.4225 per share. 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 dividend yield of 8.58%.

In other news, Director Michael C. Linn acquired 11,200 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average price of $22.32 per share, with a total value of $249,984.00. Following the purchase, the director now directly owns 28,148 shares of the company’s stock, valued at $628,263.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff A. Stevens acquired 134,408 shares of Western Refining Logistics stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average cost of $22.32 per share, for a total transaction of $2,999,986.56. Following 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG raised its position in Western Refining Logistics by 45.2% in the third quarter. Credit Suisse AG now owns 506,260 shares of the company’s stock valued at $11,735,000 after buying an additional 157,558 shares during the last quarter. Eagle Global Advisors LLC bought a new position in shares of Western Refining Logistics during the third quarter worth $8,403,000. TPH Asset Management LLC raised its position in shares of Western Refining Logistics by 6.2% in the third quarter. TPH Asset Management LLC now owns 1,627,409 shares of the company’s stock worth $37,723,000 after buying an additional 95,602 shares during the last quarter. Morgan Stanley raised its position in shares of Western Refining Logistics by 34.6% in the third quarter. Morgan Stanley now owns 2,105,999 shares of the company’s stock worth $48,817,000 after buying an additional 541,821 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Western Refining Logistics by 4.1% in the third quarter. BlackRock Inc. now owns 77,310 shares of the company’s stock worth $1,792,000 after buying an additional 3,011 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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