Western Refining Logistics, LP (NYSE:WNRL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, July 5th.

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. “

Separately, BidaskClub downgraded Western Refining Logistics, from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Western Refining Logistics, presently has an average rating of “Hold” and a consensus target price of $29.67.

Western Refining Logistics, (WNRL) traded down 0.80% during mid-day trading on Wednesday, hitting $24.90. The company’s stock had a trading volume of 292,556 shares. The company has a market cap of $1.52 billion, a P/E ratio of 19.30 and a beta of 0.81. Western Refining Logistics, has a 12-month low of $18.85 and a 12-month high of $26.85. The firm’s 50-day moving average is $25.62 and its 200-day moving average is $24.89.

Western Refining Logistics, (NYSE:WNRL) last issued its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.14. The business had revenue of $604.69 million for the quarter, compared to analyst estimates of $594.45 million. Western Refining Logistics, had a return on equity of 93.85% and a net margin of 3.07%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Analysts predict that Western Refining Logistics, will post $1.41 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. purchased a new position in Western Refining Logistics, during the first quarter valued at about $210,000. Envestnet Asset Management Inc. increased its position in Western Refining Logistics, by 118.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock valued at $216,000 after buying an additional 4,586 shares during the last quarter. Wealthsource Partners LLC purchased a new position in Western Refining Logistics, during the first quarter valued at about $232,000. Global X Management Co. LLC increased its position in Western Refining Logistics, by 4.0% in the first quarter. Global X Management Co. LLC now owns 9,530 shares of the pipeline company’s stock valued at $243,000 after buying an additional 370 shares during the last quarter. Finally, Lee Financial Co purchased a new position in Western Refining Logistics, during the second quarter valued at about $257,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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 include logistics and wholesale.

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