Western Refining (WNR) : Rafferty Asset Management added new position in Western Refining during the most recent quarter end. The investment management firm now holds 180,982 shares of Western Refining which is valued at $5,195,993 , the company said in a statement filed on Nov 14, 2016 with the SEC.Western Refining makes up approximately 0.21% of Rafferty Asset Management’s portfolio.
Other Hedge Funds, Including , Wbi Investments added WNR to its portfolio by purchasing 129,003 company shares during the most recent quarter which is valued at $3,703,676. Western Refining makes up approx 0.14% of Wbi Investments’s portfolio.Profund Advisors reduced its stake in WNR by selling 3,424 shares or 17.54% in the most recent quarter. The Hedge Fund company now holds 16,096 shares of WNR which is valued at $450,366. Western Refining makes up approx 0.02% of Profund Advisors’s portfolio.Proshare Advisors reduced its stake in WNR by selling 2,120 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 20,979 shares of WNR which is valued at $586,992. Western Refining makes up approx 0.01% of Proshare Advisors’s portfolio. Trellus Management Company sold out all of its stake in WNR during the most recent quarter. The investment firm sold 12,800 shares of WNR which is valued $340,352.Texas Permanent School Fund reduced its stake in WNR by selling 1,007 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 60,296 shares of WNR which is valued at $1,737,731. Western Refining makes up approx 0.02% of Texas Permanent School Fund’s portfolio.
Western Refining closed down -1.03 points or -2.74% at $36.52 with 82,18,855 shares getting traded on Monday. Post opening the session at $36.99, the shares hit an intraday low of $36.13 and an intraday high of $37.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Western Refining reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.40. The company had revenue of $2065.10 million for the quarter, compared to analysts expectations of $2737.07 million. The company’s revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.69 EPS.
Many Wall Street Analysts have commented on Western Refining. Company shares were Downgraded by RBC Capital Mkts on Nov 18, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .Company shares were Upgraded by RBC Capital Mkts on Nov 15, 2016 to ” Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $30 .Western Refining was Upgraded by Citigroup to ” Buy” on Oct 19, 2016.
Western Refining Inc. (Western) is an independent crude oil refiner and marketer of refined products. The Company operates through four business segments: refining Northern Tier Energy LP (NTI) Western Refining Logistics LP (WNRL) and retail. The Company’s refining segment owns and operates two refineries in the Southwest that process crude oil and other feedstocks primarily into gasoline diesel fuel jet fuel and asphalt. The NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores primarily in the Upper Great Plains region of the United States. The WNRL segment owns and operates terminal storage transportation and provides related services primarily to its refining segment in the Southwest. The retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. The retail convenience stores sell gasoline diesel fuel and convenience store merchandise.