Clark Estates Incny Exits Position in Western Refining (WNR)

Western Refining (WNR) : Clark Estates Incny has sold out all of its stake in Western Refining during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 77,396 shares of Western Refining which is valued at $1,794,039.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in WNR by selling 8,678 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 142,464 shares of WNR which is valued at $3,302,316. Western Refining makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Louisiana State Employees Retirement System boosted its stake in WNR in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 21,400 shares of Western Refining which is valued at $439,342. Western Refining makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio. Donald L. Hagan sold out all of its stake in WNR during the most recent quarter. The investment firm sold 422 shares of WNR which is valued $8,444.Creative Planning reduced its stake in WNR by selling 21,579 shares or 87.24% in the most recent quarter. The Hedge Fund company now holds 3,155 shares of WNR which is valued at $65,498.Washington Trust Bank reduced its stake in WNR by selling 208 shares or 59.09% in the most recent quarter. The Hedge Fund company now holds 144 shares of WNR which is valued at $2,948.

Western Refining opened for trading at $23.12 and hit $23.539 on the upside on Thursday, eventually ending the session at $23.32, with a gain of 0.60% or 0.14 points. The heightened volatility saw the trading volume jump to 37,85,471 shares. Company has a market cap of $2,129 M.

On the company’s financial health, Western Refining reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.52. The company had revenue of $2107.30 million for the quarter, compared to analysts expectations of $2071.62 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Western Refining. Goldman Resumed Western Refining on Jul 14, 2016 to “Neutral”, Price Target of the shares are set at $22.Western Refining was Upgraded by Tudor Pickering to ” Hold” on Jun 28, 2016. Western Refining was Downgraded by JP Morgan to ” Underweight” on Jun 10, 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.

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