The stock of Western Refining Logistics LP (NYSE:WNRL) is a huge mover today! About 198,016 shares traded hands. Western Refining Logistics LP (NYSE:WNRL) has declined 21.48% since April 20, 2016 and is downtrending. It has underperformed by 26.04% the S&P500.
The move comes after 9 months positive chart setup for the $1.24B company. It was reported on Nov, 22 by Barchart.com. We have $21.48 PT which if reached, will make NYSE:WNRL worth $49.60 million more.
Western Refining Logistics LP (NYSE:WNRL) Ratings Coverage
Out of 6 analysts covering Western Refining Logistics (NYSE:WNRL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Western Refining Logistics has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, February 26, the company rating was maintained by Credit Suisse. The stock of Western Refining Logistics LP (NYSE:WNRL) earned “Overweight” rating by Barclays Capital on Wednesday, August 5. The stock of Western Refining Logistics LP (NYSE:WNRL) earned “Hold” rating by on Monday, October 10. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, September 26 report. Credit Suisse initiated the stock with “Neutral” rating in Monday, October 26 report. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, January 11 report. Raymond James initiated the shares of WNRL in a report on Thursday, April 21 with “Strong Buy” rating. The firm earned “Hold” rating on Tuesday, July 21 by Deutsche Bank. Goldman Sachs maintained Western Refining Logistics LP (NYSE:WNRL) rating on Friday, September 11. Goldman Sachs has “Neutral” rating and $34 price target.
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 3.25 in Q2 2016. Its up 1.96, from 1.29 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.
California Employees Retirement Systems accumulated 43,800 shares or 0% of the stock. The Missouri-based Stifel has invested 0.01% in Western Refining Logistics LP (NYSE:WNRL). Peak6 Invs Limited Partnership owns 5,589 shares or 0% of their US portfolio. Us National Bank De accumulated 0% or 15,640 shares. Nbw Capital Ltd Limited Liability Company holds 2.79% of its portfolio in Western Refining Logistics LP (NYSE:WNRL) for 347,219 shares. Tower Rech Capital Ltd Liability Co (Trc) last reported 0% of its portfolio in the stock. Tph Asset Limited has invested 3.89% of its portfolio in Western Refining Logistics LP (NYSE:WNRL). Moreover, Guggenheim Capital Limited Liability Company has 0% invested in Western Refining Logistics LP (NYSE:WNRL) for 58,583 shares. The Florida-based Cumberland Advsrs Inc has invested 0.01% in Western Refining Logistics LP (NYSE:WNRL). Bank Of America Corp De has 797,305 shares for 0% of their US portfolio. Barclays Public Limited Company reported 36,578 shares or 0% of all its holdings. Blackrock Inc last reported 0% of its portfolio in the stock. Envestnet Asset Mngmt last reported 8,621 shares in the company. Clearbridge Invs Limited Liability Corporation holds 0.04% or 1.27M shares in its portfolio. Nuveen Asset Limited Liability has 0% invested in the company for 11,569 shares.
Insider Transactions: Since September 8, 2016, the stock had 6 insider buys, and 0 insider sales for $10.53 million net activity. 7,500 Western Refining Logistics LP (NYSE:WNRL) shares with value of $167,400 were bought by KINDER DAVID D. Stevens Jeff A bought 134,408 shares worth $3.00 million. Atterbury Andrew L bought $111,600 worth of stock or 5,000 shares. Another trade for 44,802 shares valued at $999,981 was bought by WEAVER SCOTT D. Foster Paul L had bought 268,817 shares worth $6.00M on Thursday, September 8. Linn Michael C also bought $249,984 worth of Western Refining Logistics LP (NYSE:WNRL) on Thursday, September 8.
More news for Western Refining Logistics LP (NYSE:WNRL) were recently published by: Nasdaq.com, which released: “Western Refining Logistics Lp (WNRL) President and CEO Jeff A Stevens Bought …” on September 10, 2016. Globenewswire.com‘s article titled: “Western Refining Logistics, LP Prices Offering of Common Units” and published on May 17, 2016 is yet another important article.
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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