World Point Terminals LP (WTarget Price) Lowered by ValuEngine

World Point Terminals LP (WTarget Price) Lowered by ValuEngine

World Point Terminals LP (NYSE:WPT) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Other equities analysts also recently issued research reports about the company. Stephens downgraded World Point Terminals from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective for the company. in a report on Monday, March 27th. Zacks Investment Research downgraded World Point Terminals from a “hold” rating to a “sell” rating in a report on Saturday, March 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.67.

World Point Terminals (NYSE:WPT) traded up 0.23% during mid-day trading on Friday, reaching $17.20. 38,821 shares of the company traded hands. World Point Terminals has a 12-month low of $14.25 and a 12-month high of $17.90. The company’s 50-day moving average is $16.80 and its 200-day moving average is $16.66. The stock has a market capitalization of $599.61 million, a price-to-earnings ratio of 16.49 and a beta of 0.38.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were issued a $0.30 dividend. The ex-dividend date was Wednesday, April 26th. This represents a $1.20 dividend on an annualized basis and a yield of 6.98%. World Point Terminals’s dividend payout ratio (DPR) is 117.65%.

Institutional investors have recently bought and sold shares of the company. Friedberg Investment Management purchased a new position in World Point Terminals during the fourth quarter worth about $225,000. Goldman Sachs Group Inc. increased its position in World Point Terminals by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,960 shares of the pipeline company’s stock worth $227,000 after buying an additional 774 shares during the period. Western Standard LLC purchased a new position in World Point Terminals during the fourth quarter worth about $375,000. Acadian Asset Management LLC purchased a new position in World Point Terminals during the first quarter worth about $500,000. Finally, WFG Advisors LP increased its position in World Point Terminals by 9,202.5% in the fourth quarter. WFG Advisors LP now owns 37,210 shares of the pipeline company’s stock worth $719,000 after buying an additional 36,810 shares during the period. Institutional investors and hedge funds own 28.64% of the company’s stock.

About World Point Terminals

World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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