The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! About 1.69 million shares traded hands. Western Refining, Inc. (NYSE:WNR) has declined 0.24% since April 13, 2016 and is downtrending. It has underperformed by 4.17% the S&P500.
The move comes after 5 months positive chart setup for the $3.22 billion company. It was reported on Nov, 15 by Barchart.com. We have $45.11 PT which if reached, will make NYSE:WNR worth $1.74B more.
Western Refining, Inc. (NYSE:WNR) Ratings Coverage
Out of 10 analysts covering Western Refining (NYSE:WNR), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Western Refining has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, September 15, the company rating was upgraded by JP Morgan. Cowen & Co maintained the shares of WNR in a report on Thursday, February 25 with “Outperform” rating. The firm has “Hold” rating by Tudor Pickering given on Friday, October 16. Piper Jaffray maintained Western Refining, Inc. (NYSE:WNR) rating on Monday, August 22. Piper Jaffray has “Neutral” rating and $19 price target. The rating was upgraded by Tudor Pickering to “Buy” on Monday, January 4. The firm has “Outperform” rating by Credit Suisse given on Monday, April 11. RBC Capital Markets maintained Western Refining, Inc. (NYSE:WNR) on Wednesday, August 5 with “Sector Perform” rating. The stock of Western Refining, Inc. (NYSE:WNR) has “Equalweight” rating given on Monday, October 10 by Barclays Capital. Tudor Pickering downgraded the shares of WNR in a report on Tuesday, April 19 to “Sell” rating. Goldman Sachs maintained it with “Neutral” rating and $22 target price in Thursday, July 14 report.
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.
Cetera Limited Liability Company reported 14,774 shares or 0.02% of all its holdings. Moreover, Lucus Advisors Lc has 0.31% invested in Western Refining, Inc. (NYSE:WNR) for 18,605 shares. Citigroup last reported 235,488 shares in the company. Moreover, Ls has 0.01% invested in Western Refining, Inc. (NYSE:WNR) for 4,255 shares. Hbk Invs L P holds 0.01% or 31,700 shares in its portfolio. The Illinois-based Guggenheim Cap Lc has invested 0.02% in Western Refining, Inc. (NYSE:WNR). Nordea Mngmt last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The has 0% invested in the company for 135,696 shares. The California-based Americafirst Cap Limited Liability Company has invested 0% in Western Refining, Inc. (NYSE:WNR). The Minnesota-based Advantus Capital Mngmt Inc has invested 0.01% in Western Refining, Inc. (NYSE:WNR). Northern Tru holds 1.53M shares or 0.01% of its portfolio. Moreover, Bancorporation Of Ny Mellon Corporation has 0.01% invested in Western Refining, Inc. (NYSE:WNR) for 1.60M shares. Meeder Asset Management has 1 shares for 0% of their US portfolio. The Florida-based Raymond James Assocs has invested 0.01% in Western Refining, Inc. (NYSE:WNR). Fort L P, a Maryland-based fund reported 13,218 shares.
Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 0 selling transactions for $10.20 million net activity. $2.32 million worth of Western Refining, Inc. (NYSE:WNR) was bought by Stevens Jeff A on Tuesday, August 23. Another trade for 325,000 shares valued at $7.67M was made by Foster Paul L on Tuesday, August 9. Hogan Brian John also bought $213,740 worth of Western Refining, Inc. (NYSE:WNR) on Thursday, May 26.
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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