November 30, 2016 - By Richard Conner · 0 Comments
Western Refining Inc (NYSE:WNR) institutional sentiment decreased to 1.14 in Q2 2016. Its down -0.17, from 1.31 in 2016Q1. The ratio has dropped, as 160 funds started new and increased equity positions, while 122 reduced and sold equity positions in Western Refining Inc. The funds in our partner’s database now own: 70.16 million shares, down from 72.80 million shares in 2016Q1. Also, the number of funds holding Western Refining Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 55 Reduced: 67 Increased: 110 New Position: 50.
Western Refining, Inc. is a crude oil refiner and marketer of refined products. The company has a market cap of $3.78 billion. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. It has a 23.39 P/E ratio. 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.
About 1.62 million shares traded hands. Western Refining, Inc. (NYSE:WNR) has risen 22.39% since April 27, 2016 and is uptrending. It has outperformed by 17.17% the S&P500.
Analysts await Western Refining, Inc. (NYSE:WNR) to report earnings on February, 23. They expect $0.11 EPS, down 80.36% or $0.45 from last year’s $0.56 per share. WNR’s profit will be $11.58 million for 81.64 P/E if the $0.11 EPS becomes a reality. After $0.46 actual EPS reported by Western Refining, Inc. for the previous quarter, Wall Street now forecasts -76.09% negative EPS growth.
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.”
Kempen Capital Management N.V. holds 2.74% of its portfolio in Western Refining, Inc. for 1.13 million shares. Dean Capital Management owns 85,915 shares or 2.43% of their US portfolio. Moreover, Dean Investment Associates Llc has 1.02% invested in the company for 251,695 shares. The New York-based Arosa Capital Management Lp has invested 0.74% in the stock. Zebra Capital Management Llc, a Connecticut-based fund reported 92,620 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 0 sales for $9.99 million net activity.
Ratings analysis reveals 27% of Western Refining’s analysts are positive. Out of 11 Wall Street analysts rating Western Refining, 3 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $19 while the high is $60. The stock’s average target of $36.56 is 1.81% above today’s ($35.91) share price. WNR was included in 28 notes of analysts from July 24, 2015. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. The firm has “Peer Perform” rating by Wolfe Research given on Friday, November 18. As per Wednesday, October 19, the company rating was upgraded by Citigroup. The rating was maintained by Cowen & Co with “Outperform” on Monday, September 19. The stock of Western Refining, Inc. (NYSE:WNR) earned “Overweight” rating by Barclays Capital on Tuesday, January 12. The stock of Western Refining, Inc. (NYSE:WNR) earned “Buy” rating by Tudor Pickering on Wednesday, September 9. The rating was initiated by JP Morgan with “Neutral” on Friday, September 11. The firm has “Sell” rating given on Tuesday, April 19 by Tudor Pickering. The rating was initiated by Macquarie Research on Friday, July 24 with “Neutral”. The company was downgraded on Monday, October 10 by Barclays Capital.
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.
More recent Western Refining, Inc. (NYSE:WNR) news were published by: Forbes.com which released: “Tesoro Settling For Second-Best With $4.1B Western Refining Purchase” on November 17, 2016. Also Prnewswire.com published the news titled: “Harwood Feffer LLP Announces Investigation of Western Refining, Inc.” on November 17, 2016. Finance.Yahoo.com‘s news article titled: “WESTERN REFINING, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces …” with publication date: November 17, 2016 was also an interesting one.
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By Richard Conner