Western Refining Logistics LP (WNRL) : Duff Phelps Investment Management Co scooped up 10,000 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 Oct 14, 2016. The investment management firm now holds a total of 220,900 shares of Western Refining Logistics LP which is valued at $5,281,719.Western Refining Logistics LP makes up approximately 0.08% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in WNRL by selling 8,973 shares or 73.54% in the most recent quarter. The Hedge Fund company now holds 3,228 shares of WNRL which is valued at $77,472. Simplex Trading sold out all of its stake in WNRL during the most recent quarter. The investment firm sold 10,101 shares of WNRL which is valued $240,909. Bnp Paribas Arbitrage Sa sold out all of its stake in WNRL during the most recent quarter. The investment firm sold 53,534 shares of WNRL which is valued $1,279,463.
Western Refining Logistics LP opened for trading at $23.97 and hit $24 on the upside on Friday, eventually ending the session at $23.91, with a gain of 0.50% or 0.12 points. The heightened volatility saw the trading volume jump to 4,77,350 shares. Company has a market cap of $1,234 M.
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 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.