Western Refining Logistics LP (WNRL) : Tph Asset Management scooped up 333,577 additional shares in Western Refining Logistics LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 965,499 shares of Western Refining Logistics LP which is valued at $22.9 Million.Western Refining Logistics LP makes up approximately 2.49% of Tph Asset Management’s portfolio.
Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in WNRL during the most recent quarter. The investment firm sold 4,295 shares of WNRL which is valued $101,749. Spot Trading L.l.c added WNRL to its portfolio by purchasing 5,808 company shares during the most recent quarter which is valued at $137,592. Western Refining Logistics LP makes up approx 0.02% of Spot Trading L.l.c’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in WNRL by selling 9,717 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 570,744 shares of WNRL which is valued at $13.5 Million. Western Refining Logistics LP makes up approx 0.29% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Duff Phelps Investment Management Co added WNRL to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $733,200. Western Refining Logistics LP makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.
Western Refining Logistics LP opened for trading at $22.31 and hit $22.68 on the upside on Wednesday, eventually ending the session at $22.23, with a gain of 0.27% or 0.06 points. The heightened volatility saw the trading volume jump to 2,87,334 shares. Company has a market cap of $1,052 M.
On the company’s financial health, Western Refining Logistics LP reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.35. The company had revenue of $468.00 million for the quarter, compared to analysts expectations of $665.85 million. The company’s revenue was down -23.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Western Refining Logistics LP. Western Refining Logistics LP was Initiated by Raymond James to “Strong Buy” on Apr 21, 2016. Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 26 from a previous price target of $28 .
Western Refining Logistics LP (WNRL) is a fee-based growth-oriented partnership that was formed to own operate develop and acquire logistics and related assets and businesses to include terminals storage tanks pipelines and other logistics assets related to the terminalling transportation storage and distribution of crude oil and refined products. The Companys segments are the logistics segment and the wholesale segment. Its pipeline and gathering assets are positioned to support crude oil supply options for Western Refining Inc.s (Western) El Paso and Gallup Refineries as well as third parties. Its wholesale segment includes the operations of several lubricant and bulk petroleum distribution plants and a fleet of crude oil and refined product and lubricant delivery trucks. Its wholesale segment distributes commercial wholesale petroleum products in Arizona California Colorado Nevada New Mexico and Texas.