Tph Asset Management buys $36,855,276 stake in Western Refining Logistics LP (WNRL)

Western Refining Logistics LP (WNRL) : Tph Asset Management scooped up 566,308 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 Aug 15, 2016. The investment management firm now holds a total of 1,531,807 shares of Western Refining Logistics LP which is valued at $36,855,276.Western Refining Logistics LP makes up approximately 3.54% of Tph Asset Management’s portfolio.

Other Hedge Funds, Including , Walleye Trading added WNRL to its portfolio by purchasing 653 company shares during the most recent quarter which is valued at $15,711. Renaissance Technologies added WNRL to its portfolio by purchasing 61,000 company shares during the most recent quarter which is valued at $1,467,660. Cbre Clarion Securities sold out all of its stake in WNRL during the most recent quarter. The investment firm sold 178,733 shares of WNRL which is valued $4,300,316. Peak6 Investments added WNRL to its portfolio by purchasing 5,589 company shares during the most recent quarter which is valued at $134,471. Western Refining Logistics LP makes up approx 0.01% of Peak6 Investments’s portfolio. Hite Hedge Asset Management added WNRL to its portfolio by purchasing 237,901 company shares during the most recent quarter which is valued at $5,583,536. Western Refining Logistics LP makes up approx 2.27% of Hite Hedge Asset Management’s portfolio.

Western Refining Logistics LP closed down -0.45 points or -1.88% at $23.43 with 45,275 shares getting traded on Thursday. Post opening the session at $23.73, the shares hit an intraday low of $23.14 and an intraday high of $23.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Western Refining Logistics LP reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.37. The company had revenue of $578.60 million for the quarter, compared to analysts expectations of $596.32 million. The company’s revenue was down -21.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

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 Company’s 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.

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