The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! The stock increased 4.38% or $1.11 during the last trading session, hitting $26.46. About 2.76 million shares traded hands. Western Refining, Inc. (NYSE:WNR) has declined 4.81% since February 26, 2016 and is downtrending. It has underperformed by 15.23% the S&P500.
The move comes after 6 months positive chart setup for the $2.72 billion company. It was reported on Oct, 1 by Barchart.com. We have $40.22 PT which if reached, will make NYSE:WNR worth $1.41B more.
Analysts await Western Refining, Inc. (NYSE:WNR) to report earnings on November, 1. They expect $0.38 EPS, down 77.51% or $1.31 from last year’s $1.69 per share. WNR’s profit will be $39.06M for 17.41 P/E if the $0.38 EPS becomes a reality. After $0.72 actual EPS reported by Western Refining, Inc. for the previous quarter, Wall Street now forecasts -47.22% negative EPS growth.
Western Refining, Inc. (NYSE:WNR) Ratings Coverage
Out of 10 analysts covering Western Refining (NYSE:WNR), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. Western Refining has been the topic of 23 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, July 14 the stock rating was maintained by Goldman Sachs with “Neutral”. On Friday, June 10 the stock rating was downgraded by JP Morgan to “Underweight”. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. The stock of Western Refining, Inc. (NYSE:WNR) earned “Buy” rating by Tudor Pickering on Wednesday, September 9. The stock has “Sell” rating given by Tudor Pickering on Tuesday, April 19. As per Thursday, September 15, the company rating was upgraded by JP Morgan. The firm earned “Overweight” rating on Tuesday, January 12 by Barclays Capital. The stock of Western Refining, Inc. (NYSE:WNR) earned “Hold” rating by Zacks on Friday, August 7. The rating was initiated by JP Morgan with “Neutral” on Friday, September 11. The firm has “Outperform” rating by Cowen & Co given on Thursday, February 25.
According to Zacks Investment Research, “Western Refining, Inc. is an independent crude oil refiner and marketer of refined products headquartered in El Paso, Texas, and operates primarily in the Southwestern region of the United States, including Arizona, New Mexico, and West Texas. They have invested a significant amount of capital in refinery initiatives that will allow us to improve our crude oil processing flexibility, expand refinery capacity, increase production of higher-value refined products and satisfy certain regulatory requirements.”
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.39, from 0.92 in 2016Q1. The ratio is positive, as 55 funds sold all Western Refining, Inc. shares owned while 67 reduced positions. 50 funds bought stakes while 110 increased positions. They now own 70.16 million shares or 3.64% less from 72.80 million shares in 2016Q1.
Hightower Advsrs Limited Co holds 15,045 shares or 0% of its portfolio. Metropolitan Life Insurance Ny holds 0.02% or 122,878 shares in its portfolio. Commonwealth Financial Bank Of Aus holds 0.02% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 102,800 shares. Blackrock Japan Limited owns 353 shares or 0% of their US portfolio. Blue Clay Cap Management Llc has 0.43% invested in the company for 17,768 shares. The Florida-based Finemark National Bank has invested 0.02% in Western Refining, Inc. (NYSE:WNR). Trellus Mngmt Limited Liability Company accumulated 12,800 shares or 0.43% of the stock. Grp One Trading L P holds 100,679 shares or 0.02% of its portfolio. Geode Capital Mgmt Lc reported 767,827 shares or 0.01% of all its holdings. Advisory Service Ntwk Ltd Com, a Georgia-based fund reported 183 shares. Susquehanna Interest Group Llp reported 236,143 shares or 0% of all its holdings. Comerica Commercial Bank has 60,307 shares for 0.01% of their US portfolio. Westchester Limited Co holds 0% or 4 shares in its portfolio. Commerzbank Aktiengesellschaft Fi reported 52,763 shares or 0.01% of all its holdings. Advantus Capital Management has 0.01% invested in the company for 9,718 shares.
Insider Transactions: Since May 5, 2016, the stock had 5 insider buys, and 0 insider sales for $24.31 million net activity. $2.32M worth of Western Refining, Inc. (NYSE:WNR) shares were bought by Stevens Jeff A. 10,000 shares were bought by Hogan Brian John, worth $213,740 on Thursday, May 26. Foster Paul L had bought 325,000 shares worth $7.67M on Tuesday, August 9.
WNR Company Profile
Western Refining, Inc. (Western), incorporated on September 16, 2005, is an independent crude oil refiner and marketer of refined products. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. The Company’s refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt. The Firm markets refined products to customer base, including wholesale distributors and retail chains. The refining segment also sells refined products in the Mid-Atlantic region and Mexico. The NTI segment owns and operates refining and transportation assets, and operates and supports retail convenience stores in the Upper Great Plains region of the United States.
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