Notable Runner: Is Buying Western Refining, Inc. Here a Winning Strategy?

Notable Runner: Is Buying Western Refining, Inc. Here a Winning Strategy?

The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! About 3.97M shares traded hands or 6.15% up from the average. Western Refining, Inc. (NYSE:WNR) has risen 36.49% since April 20, 2016 and is uptrending. It has outperformed by 31.93% the S&P500.
The move comes after 6 months positive chart setup for the $4.12 billion company. It was reported on Nov, 22 by Barchart.com. We have $40.61 PT which if reached, will make NYSE:WNR worth $288.40 million more.

Western Refining, Inc. (NYSE:WNR) Ratings Coverage

Out of 11 analysts covering Western Refining (NYSE:WNR), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. Western Refining has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the shares of WNR in a report on Thursday, September 15 to “Neutral” rating. RBC Capital Markets upgraded Western Refining, Inc. (NYSE:WNR) rating on Tuesday, November 15. RBC Capital Markets has “Outperform” rating and $35 price target. Barclays Capital maintained Western Refining, Inc. (NYSE:WNR) on Friday, February 26 with “Overweight” rating. The firm earned “Sector Perform” rating on Monday, November 21 by RBC Capital Markets. Tudor Pickering downgraded the stock to “Hold” rating in Friday, October 16 report. The rating was maintained by Cowen & Co on Thursday, February 25 with “Outperform”. The firm earned “Hold” rating on Friday, August 7 by Zacks. The stock of Western Refining, Inc. (NYSE:WNR) earned “Neutral” rating by JP Morgan on Friday, September 11. On Monday, September 19 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Overweight” rating given on Tuesday, January 12 by Barclays Capital.

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 decreased to 1.14 in 2016 Q2. Its down 0.17, from 1.31 in 2016Q1. The ratio dived, 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.
Alps has 0% invested in the company for 19,352 shares. Credit Cap Investments Limited Liability Com last reported 412,868 shares in the company. Hsbc Holdings Public Ltd Liability Corp accumulated 0% or 16,264 shares. Midas Corp has invested 0.47% of its portfolio in Western Refining, Inc. (NYSE:WNR). Arizona State Retirement Systems holds 0.01% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 26,395 shares. Breton Hill Cap Limited, a Ontario – Canada-based fund reported 38,539 shares. Kempen Mgmt Nv has 2.74% invested in the company for 1.13M shares. Credit Suisse Ag has 0% invested in the company for 161,453 shares. Suntrust Banks owns 56,886 shares or 0.01% of their US portfolio. Rothschild Asset Management owns 312,088 shares or 0.12% of their US portfolio. Massmutual Tru Fsb Adv holds 0% or 10 shares in its portfolio. Hbk Investments Limited Partnership accumulated 0.01% or 31,700 shares. Creative Planning has invested 0% of its portfolio in Western Refining, Inc. (NYSE:WNR). Grantham Mayo Van Otterloo Ltd Llc has invested 0.02% of its portfolio in Western Refining, Inc. (NYSE:WNR). Fmr Llc reported 1.01M shares or 0% of all its holdings.

Insider Transactions: Since May 26, 2016, the stock had 2 insider buys, and 0 insider sales for $9.99 million net activity. Shares for $7.67M were bought by Foster Paul L on Tuesday, August 9. $213,740 worth of Western Refining, Inc. (NYSE:WNR) shares were bought by Hogan Brian John. Stevens Jeff A bought 100,000 shares worth $2.32M.

More recent Western Refining, Inc. (NYSE:WNR) news were published by: Wsj.com which released: “Tesoro to Buy Western Refining for $4.1 Billion” on November 17, 2016. Also Prnewswire.com published the news titled: “SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of …” on November 18, 2016. Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of Western Refining, Inc.” with publication date: November 17, 2016 was also an interesting one.

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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