Kempen Capital Management N.v. buys $27,202,851 stake in Western Refining (WNR)

Western Refining (WNR) : Kempen Capital Management N.v. scooped up 370,213 additional shares in Western Refining during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,128,749 shares of Western Refining which is valued at $27,202,851.Western Refining makes up approximately 3.05% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in WNR in the latest quarter, The investment management firm added 4,269 additional shares and now holds a total of 37,233 shares of Western Refining which is valued at $897,315. Western Refining makes up approx 0.01% of Nuveen Asset Management’s portfolio.Credit Agricole S A reduced its stake in WNR by selling 19,902 shares or 77.72% in the most recent quarter. The Hedge Fund company now holds 5,705 shares of WNR which is valued at $137,491.Globeflex Capital L P reduced its stake in WNR by selling 5,510 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 69,238 shares of WNR which is valued at $1,668,636. Western Refining makes up approx 0.43% of Globeflex Capital L P’s portfolio. Tci Wealth Advisors added WNR to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $6,987.Shell Asset Management Co reduced its stake in WNR by selling 2,776 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 48,855 shares of WNR which is valued at $1,002,993. Western Refining makes up approx 0.02% of Shell Asset Management Co’s portfolio.

Western Refining opened for trading at $24.03 and hit $24.59 on the upside on Monday, eventually ending the session at $24.48, with a gain of 1.87% or 0.45 points. The heightened volatility saw the trading volume jump to 25,44,862 shares. Company has a market cap of $2,654 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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