Western Refining Logistics, LP (NYSE:WNRL) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.80.

Several research firms recently issued reports on WNRL. BidaskClub raised shares of Western Refining Logistics, from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Western Refining Logistics, from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 26th.

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Shares of Western Refining Logistics, (NYSE WNRL) traded down 0.61% during trading on Wednesday, reaching $24.55. 738,370 shares of the company were exchanged. The stock has a market capitalization of $1.50 billion, a P/E ratio of 19.78 and a beta of 0.81. The firm has a 50-day moving average price of $25.22 and a 200-day moving average price of $25.01. Western Refining Logistics, has a 1-year low of $18.85 and a 1-year high of $26.85.

Western Refining Logistics, (NYSE:WNRL) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.11. The company had revenue of $627.51 million during the quarter, compared to analyst estimates of $602.22 million. Western Refining Logistics, had a net margin of 3.05% and a return on equity of 78.84%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. Equities research analysts predict that Western Refining Logistics, will post $1.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 7.59%. This is a boost from Western Refining Logistics,’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, August 2nd. Western Refining Logistics,’s dividend payout ratio is 187.00%.

Several hedge funds have recently modified their holdings of WNRL. Penserra Capital Management LLC boosted its stake in shares of Western Refining Logistics, by 503.0% in the second quarter. Penserra Capital Management LLC now owns 4,583 shares of the pipeline company’s stock worth $117,000 after buying an additional 3,823 shares during the period. Koch Industries Inc. acquired a new stake in shares of Western Refining Logistics, during the first quarter worth $210,000. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $216,000 after buying an additional 4,586 shares during the period. Wealthsource Partners LLC acquired a new stake in shares of Western Refining Logistics, during the first quarter worth $232,000. Finally, Global X Management Co. LLC boosted its stake in shares of 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 worth $243,000 after buying an additional 370 shares during the period. 40.49% of the stock is currently owned by 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.

Analyst Recommendations for Western Refining Logistics, (NYSE:WNRL)

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