Western Refining Logistics, LP (WNRL) Downgraded by Wells Fargo & Company

Western Refining Logistics, LP (NYSE:WNRL) was downgraded by Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

Several other analysts also recently issued reports on WNRL. Citigroup Inc. raised shares of Western Refining Logistics, from a “neutral” rating to a “buy” rating in a research report on Friday, October 21st. Credit Suisse Group reissued an “outperform” rating and issued a $31.00 price target (up previously from $27.00) on shares of Western Refining Logistics, in a research report on Monday, September 19th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Western Refining Logistics, in a research report on Friday, September 16th. Zacks Investment Research downgraded shares of Western Refining Logistics, from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 22nd. Finally, Deutsche Bank AG reduced their price target on shares of Western Refining Logistics, from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.29.

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

Western Refining Logistics, (NYSE:WNRL) traded up 0.93% during trading on Wednesday, hitting $21.70. 49,521 shares of the company traded hands. The company has a market capitalization of $1.32 billion, a P/E ratio of 17.63 and a beta of 0.80. The stock has a 50 day moving average price of $20.73 and a 200 day moving average price of $22.73. Western Refining Logistics, has a 12-month low of $17.35 and a 12-month high of $26.58.

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Large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted 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 last quarter. Eagle Global Advisors LLC acquired a new stake in Western Refining Logistics, during the third quarter worth approximately $8,403,000. HITE Hedge Asset Management LLC acquired a new stake in Western Refining Logistics, during the second quarter worth approximately $6,231,000. Uniplan Investment Counsel Inc. acquired a new stake in Western Refining Logistics, during the second quarter worth approximately $5,357,000. Finally, Duff & Phelps Investment Management Co. boosted its stake in Western Refining Logistics, by 603.0% in the second quarter. Duff & Phelps Investment Management Co. now owns 210,900 shares of the company’s stock worth $5,523,000 after buying an additional 180,900 shares during the last quarter. Institutional investors own 63.87% of the company’s stock.

About Western Refining Logistics,

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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