Zacks Investment Research cut shares of Western Refining Logistics LP (NYSE:WNRL) from a hold rating to a strong sell rating in a report published on Tuesday morning.

According to Zacks, “Western Refining Logistics, LP owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets. The Company’s assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S. Western Refining Logistics, LP is headquartered in El Paso, Texas. “

WNRL has been the subject of several other reports. Citigroup Inc. upgraded Western Refining Logistics from a neutral rating to a buy rating in a research note on Friday, October 21st. Deutsche Bank AG reduced their price objective on Western Refining Logistics from $26.00 to $25.00 and set a hold rating for the company in a research note on Monday, October 10th. TheStreet upgraded Western Refining Logistics from a hold rating to a buy rating in a research note on Monday, October 10th. Barclays PLC reduced their price objective on Western Refining Logistics from $28.00 to $26.00 and set an equal weight rating for the company in a research note on Monday, September 26th. Finally, Credit Suisse Group AG restated an outperform rating and issued a $31.00 price objective (up from $27.00) on shares of Western Refining Logistics in a research note on Monday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $29.29.

Analyst Recommendations for Western Refining Logistics (NYSE:WNRL)

Western Refining Logistics (NYSE:WNRL) traded down 0.9087% on Tuesday, hitting $20.5119. The company’s stock had a trading volume of 117,577 shares. Western Refining Logistics has a 12 month low of $17.35 and a 12 month high of $26.58. The stock has a market cap of $1.25 billion, a PE ratio of 16.6628 and a beta of 0.94. The firm has a 50 day moving average of $22.44 and a 200-day moving average of $23.38.

The firm also recently declared 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 an increase 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 dividend on an annualized basis and a dividend yield of 8.16%.

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 bought at an average cost of $22.32 per share, with a total value of $249,984.00. Following the transaction, the director now directly owns 28,148 shares of the company’s stock, valued at approximately $628,263.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was purchased at an average cost of $22.32 per share, for a total transaction of $2,999,986.56. Following the completion of the transaction, 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.

A number of hedge funds have recently bought and sold shares of the company. Credit Suisse AG raised its stake in Western Refining Logistics by 45.2% in the third quarter. Credit Suisse AG now owns 506,260 shares of the company’s stock worth $11,735,000 after buying an additional 157,558 shares during the period. Eagle Global Advisors LLC purchased a new stake in Western Refining Logistics during the third quarter worth $8,403,000. TPH Asset Management LLC raised its stake in 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 period. Morgan Stanley raised its stake in 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 period. Finally, BlackRock Inc. raised its stake in 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 period.

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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 are the logistics segment and the wholesale segment.

5 Day Chart for NYSE:WNRL

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