The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! About 804,116 shares traded hands. Western Refining, Inc. (NYSE:WNR) has risen 2.76% since March 8, 2016 and is uptrending. It has underperformed by 6.56% the S&P500.
The move comes after 7 months positive chart setup for the $3.02 billion company. It was reported on Oct, 11 by Barchart.com. We have $42.03 PT which if reached, will make NYSE:WNR worth $1.57B 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 $41.50 million for 18.19 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), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. Western Refining has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Western Refining, Inc. (NYSE:WNR) rating on Monday, September 19. Cowen & Co has “Outperform” rating and $32 price target. JP Morgan downgraded the shares of WNR in a report on Friday, June 10 to “Underweight” rating. The rating was downgraded by Tudor Pickering on Friday, October 16 to “Hold”. On Thursday, July 14 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was initiated by JP Morgan on Friday, September 11 with “Neutral”. The firm earned “Neutral” rating on Thursday, September 15 by JP Morgan. On Monday, September 19 the stock rating was maintained by Credit Suisse with “Outperform”. The company was maintained on Monday, August 22 by Piper Jaffray. The rating was downgraded by Barclays Capital on Monday, October 10 to “Equalweight”. On Wednesday, October 21 the stock rating was downgraded by Citigroup to “Neutral”.
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.
Allianz Asset Mgmt Ag last reported 1.60M shares in the company. Lsv Asset accumulated 146,110 shares or 0.01% of the stock. Envestnet Asset Incorporated holds 15,846 shares or 0% of its portfolio. Meeder Asset Mngmt has invested 0% of its portfolio in Western Refining, Inc. (NYSE:WNR). Los Angeles Cap & Equity Research owns 38,150 shares or 0.01% of their US portfolio. Van Eck Associate accumulated 0% or 2,646 shares. Winslow Evans & Crocker holds 0% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 244 shares. Nuveen Asset Mngmt Limited Liability Company accumulated 0% or 37,233 shares. Texas Yale Capital owns 164,155 shares or 0.34% of their US portfolio. Pnc Financial Services Grp reported 9,536 shares or 0% of all its holdings. Stifel Fincl, a Missouri-based fund reported 30,483 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage holds 0.01% or 102,844 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.01% or 7,800 shares. Blackrock Invest Mgmt Limited Company reported 479,968 shares or 0.01% of all its holdings.
Insider Transactions: Since May 5, 2016, the stock had 5 insider buys, and 0 selling transactions for $24.31 million net activity. $3.30M worth of Western Refining, Inc. (NYSE:WNR) was bought by Stevens Jeff A. Shares for $7.67 million were bought by Foster Paul L. $213,740 worth of Western Refining, Inc. (NYSE:WNR) shares were bought by Hogan Brian John.
More news for Western Refining, Inc. (NYSE:WNR) were recently published by: Globenewswire.com, which released: “Western Refining to Participate in Investor Meetings” on September 26, 2016. Benzinga.com‘s article titled: “Benzinga’s Top Downgrades” and published on October 10, 2016 is yet another important article.
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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