The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! About 740,279 shares traded hands. Western Refining, Inc. (NYSE:WNR) has risen 3.35% since March 4, 2016 and is uptrending. It has underperformed by 4.69% the S&P500.
The move comes after 7 months negative chart setup for the $3.00B company. It was reported on Oct, 7 by Barchart.com. We have $26.31 PT which if reached, will make NYSE:WNR worth $150.00 million less.
Analysts await Western Refining, Inc. (NYSE:WNR) to report earnings on November, 1. They expect $0.38 earnings per share, down 77.51% or $1.31 from last year’s $1.69 per share. WNR’s profit will be $41.20M for 18.20 P/E if the $0.38 EPS becomes a reality. After $0.72 actual earnings per share 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. Barclays Capital maintained it with “Overweight” rating and $51.0 target price in Tuesday, January 12 report. Cowen & Co maintained the shares of WNR in a report on Thursday, February 25 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, August 5. Zacks upgraded Western Refining, Inc. (NYSE:WNR) rating on Friday, August 7. Zacks has “Hold” rating and $54 price target. The stock of Western Refining, Inc. (NYSE:WNR) has “Neutral” rating given on Wednesday, October 21 by Citigroup. JP Morgan upgraded Western Refining, Inc. (NYSE:WNR) on Thursday, September 15 to “Neutral” rating. The company was upgraded on Monday, January 4 by Tudor Pickering. The rating was downgraded by Tudor Pickering to “Sell” on Tuesday, April 19. The rating was maintained by Cowen & Co on Monday, September 19 with “Outperform”. The firm earned “Neutral” rating on Monday, August 22 by Piper Jaffray.
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.
Finemark Commercial Bank, a Florida-based fund reported 7,500 shares. Winslow Evans & Crocker holds 0% or 244 shares in its portfolio. Commonwealth Natl Bank Of Australia has invested 0.02% of its portfolio in Western Refining, Inc. (NYSE:WNR). Point72 Asset Management L P holds 0.04% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 250,000 shares. Tiaa Cref Inv Lc owns 354,125 shares or 0.01% of their US portfolio. Virginia Retirement Et Al holds 0.01% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 18,200 shares. Boston Advisors Limited Com has 37,353 shares for 0.02% of their US portfolio. Tower Research Capital Limited Liability (Trc) holds 0.01% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 3,409 shares. Nomura Asset Mgmt holds 0% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 2,880 shares. Wasatch Advisors holds 86,830 shares or 0.03% of its portfolio. Zebra Capital Mgmt Limited owns 92,620 shares or 0.66% of their US portfolio. Texas Yale Capital Corporation holds 0.34% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 164,155 shares. Wealthtrust holds 410 shares or 0% of its portfolio. Dean Cap holds 2.43% or 85,915 shares in its portfolio. Liberty Mutual Asset Mgmt last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since May 5, 2016, the stock had 5 insider buys, and 0 sales for $24.31 million net activity. The insider Foster Paul L bought $7.67M. $2.32M worth of Western Refining, Inc. (NYSE:WNR) was bought by Stevens Jeff A. Another trade for 10,000 shares valued at $213,740 was bought by Hogan Brian John.
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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