Bank of America Corp DE Buys 63,888 Shares of Western Refining Logistics, LP (NYSE:WNRL)

Bank of America Corp DE raised its stake in shares of Western Refining Logistics, LP (NYSE:WNRL) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987,443 shares of the pipeline company’s stock after buying an additional 63,888 shares during the period. Bank of America Corp DE owned about 1.62% of Western Refining Logistics, worth $25,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WNRL. Morgan Stanley increased its stake in shares of Western Refining Logistics, by 23.6% in the first quarter. Morgan Stanley now owns 2,569,281 shares of the pipeline company’s stock worth $65,389,000 after buying an additional 490,068 shares during the period. Global X Management Co. LLC boosted its position 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 valued at $243,000 after buying an additional 370 shares during the period. Koch Industries Inc. acquired a new position in shares of Western Refining Logistics, during the first quarter valued at about $210,000. California Public Employees Retirement System boosted its position in shares of Western Refining Logistics, by 13.6% in the first quarter. California Public Employees Retirement System now owns 18,400 shares of the pipeline company’s stock valued at $468,000 after buying an additional 2,200 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in Western Refining Logistics, by 20.9% in the first quarter. Rafferty Asset Management LLC now owns 136,411 shares of the pipeline company’s stock valued at $3,472,000 after buying an additional 23,576 shares during the period. Institutional investors own 44.76% of the company’s stock.

Shares of Western Refining Logistics, LP (NYSE:WNRL) remained flat at $25.95 during midday trading on Monday. The company had a trading volume of 8,595 shares. The firm’s 50-day moving average price is $25.20 and its 200-day moving average price is $24.08. Western Refining Logistics, LP has a one year low of $18.85 and a one year high of $26.85. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 20.12 and a beta of 0.81.

Western Refining Logistics, (NYSE:WNRL) last posted its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.14. Western Refining Logistics, had a return on equity of 93.85% and a net margin of 3.07%. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $594.45 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. On average, equities analysts predict that Western Refining Logistics, LP will post $1.49 earnings per share for the current year.

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WNRL has been the topic of a number of recent research reports. BidaskClub lowered shares of Western Refining Logistics, from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded shares of Western Refining Logistics, from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.67.

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.

Institutional Ownership by Quarter for Western Refining Logistics, (NYSE:WNRL)

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