The stock of Western Refining Logistics LP (NYSE:WNRL) is a huge mover today! The stock increased 3.15% or $0.73 on October 3, hitting $23.91. About 617,649 shares traded hands or 80.08% up from the average. Western Refining Logistics LP (NYSE:WNRL) has risen 6.28% since February 29, 2016 and is uptrending. It has underperformed by 5.93% the S&P500.
The move comes after 5 months positive chart setup for the $1.44B company. It was reported on Oct, 4 by Barchart.com. We have $29.17 PT which if reached, will make NYSE:WNRL worth $316.80 million more.
Analysts await Western Refining Logistics LP (NYSE:WNRL) to report earnings on November, 1. They expect $0.38 earnings per share, up 8.57% or $0.03 from last year’s $0.35 per share. WNRL’s profit will be $22.89 million for 15.73 P/E if the $0.38 EPS becomes a reality. After $0.33 actual earnings per share reported by Western Refining Logistics LP for the previous quarter, Wall Street now forecasts 15.15% EPS growth.
Western Refining Logistics LP (NYSE:WNRL) Ratings Coverage
Out of 5 analysts covering Western Refining Logistics (NYSE:WNRL), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Western Refining Logistics has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, April 21 the stock rating was initiated by Raymond James with “Strong Buy”. On Friday, February 26 the stock rating was maintained by Credit Suisse with “Neutral”. The stock has “Hold” rating given by Deutsche Bank on Tuesday, July 21. The firm has “Neutral” rating by Credit Suisse given on Monday, October 26. The stock has “Overweight” rating given by Barclays Capital on Wednesday, August 5. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, September 26 report. The rating was maintained by Goldman Sachs on Friday, September 11 with “Neutral”. The rating was downgraded by Barclays Capital on Monday, January 11 to “Equal Weight”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.29, from 1 in 2016Q1. The ratio improved, as 8 funds sold all Western Refining Logistics LP shares owned while 13 reduced positions. 12 funds bought stakes while 15 increased positions. They now own 12.49 million shares or 2.30% less from 12.78 million shares in 2016Q1.
Finemark Fincl Bank And Tru owns 3,070 shares or 0.01% of their US portfolio. Renaissance Techs Lc owns 61,000 shares or 0% of their US portfolio. Tph Asset Mgmt Lc has invested 3.89% of its portfolio in Western Refining Logistics LP (NYSE:WNRL). Stifel, a Missouri-based fund reported 52,091 shares. Clearbridge Limited Liability holds 0.04% or 1.27M shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys reported 518,837 shares or 0.25% of all its holdings. Deutsche Financial Bank Ag has invested 0% of its portfolio in Western Refining Logistics LP (NYSE:WNRL). Citigroup Inc last reported 6,527 shares in the company. Barclays Public Ltd Com holds 0% of its portfolio in Western Refining Logistics LP (NYSE:WNRL) for 36,578 shares. Goldman Sachs owns 1.53M shares or 0.01% of their US portfolio. Wells Fargo Mn has 0% invested in the company for 379,770 shares. The Georgia-based Atlantic Tru Ltd Com has invested 0.33% in Western Refining Logistics LP (NYSE:WNRL). Vantage Invest Advsrs Limited Liability Com reported 500 shares or 0.01% of all its holdings. Nbw Cap Ltd holds 2.79% or 347,219 shares in its portfolio. Moreover, Peak6 Investments Lp has 0% invested in Western Refining Logistics LP (NYSE:WNRL) for 5,589 shares.
Insider Transactions: Since May 16, 2016, the stock had 9 insider buys, and 0 sales for $20.53 million net activity. Shares for $999,993 were bought by WEAVER SCOTT D on Monday, May 16. $111,600 worth of Western Refining Logistics LP (NYSE:WNRL) was bought by Atterbury Andrew L on Thursday, September 8. The insider Stevens Jeff A bought $3.00 million. Another trade for 268,817 shares valued at $6.00 million was made by Foster Paul L on Thursday, September 8. $249,984 worth of Western Refining Logistics LP (NYSE:WNRL) was bought by Linn Michael C on Thursday, September 8. KINDER DAVID D bought 7,500 shares worth $167,400.
More notable recent Western Refining Logistics LP (NYSE:WNRL) news were published by: Globenewswire.com which released: “Western Refining Logistics, LP Announces Third Quarter 2016 Earnings …” on September 19, 2016, also Finance.Yahoo.com with their article: “Western Refining Logistics Announces Transactions” published on September 07, 2016, Globenewswire.com published: “Western Refining Logistics, LP Prices Offering of Common Units” on May 17, 2016. More interesting news about Western Refining Logistics LP (NYSE:WNRL) were released by: Globenewswire.com and their article: “Western Refining Logistics, LP to Participate in Deutsche Bank 2016 MLP …” published on May 09, 2016 as well as Seekingalpha.com‘s news article titled: “Western Refining Logistics Has Strong Growth Potential If It Can Find The …” with publication date: August 10, 2016.
WNRL Company Profile
Western Refining Logistics, LP, incorporated on July 17, 2013, 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 divisions are the logistics segment and the wholesale segment. The Firm operates its logistics business and wholesale business under commercial and service agreements with Western Refining, Inc. (Western).
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