BP Capital Fund Advisors LLC Has $1,668,000 Position in Western Refining Logistics, LP (WNRL)

BP Capital Fund Advisors LLC maintained its stake in Western Refining Logistics, LP (NYSE:WNRL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,534 shares of the pipeline company’s stock at the end of the first quarter. BP Capital Fund Advisors LLC owned approximately 0.11% of Western Refining Logistics, worth $1,668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in WNRL. Koch Industries Inc. purchased a new position in Western Refining Logistics, during the first quarter valued at $210,000. Envestnet Asset Management Inc. increased its position in shares of Western Refining Logistics, by 118.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,473 shares of the pipeline company’s stock worth $216,000 after buying an additional 4,586 shares during the last quarter. Wealthsource Partners LLC bought a new position in shares of Western Refining Logistics, during the first quarter worth approximately $232,000. Global X Management Co. LLC increased 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 worth $243,000 after buying an additional 370 shares during the last quarter. Finally, California Public Employees Retirement System increased 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 worth $468,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 44.31% of the company’s stock.

Shares of Western Refining Logistics, LP (WNRL) traded up 1.35% during mid-day trading on Friday, hitting $26.35. 186,105 shares of the company were exchanged. Western Refining Logistics, LP has a 12-month low of $18.85 and a 12-month high of $26.45. The firm has a 50 day moving average of $25.20 and a 200 day moving average of $24.08. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 20.43 and a beta of 0.81.

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

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WNRL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Western Refining Logistics, from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, March 15th. BidaskClub cut shares of Western Refining Logistics, from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $29.67.

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 include logistics and wholesale.

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

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