Western Refining (WNR) : Peregrine Asset Advisers added new position in Western Refining during the most recent quarter end. The investment management firm now holds 224,868 shares of Western Refining which is valued at $6,455,960 , the company said in a statement filed on Nov 14, 2016 with the SEC.Western Refining makes up approximately 4.37% of Peregrine Asset Advisers’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added WNR to its portfolio by purchasing 79,162 company shares during the most recent quarter which is valued at $2,272,741. Western Refining makes up approx 0.01% of Arrowstreet Capital Limited Partnership’s portfolio.Clear Harbor Asset Management reduced its stake in WNR by selling 1,350 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 18,970 shares of WNR which is valued at $512,569. Western Refining makes up approx 0.12% of Clear Harbor Asset Management’s portfolio. Plante Moran Financial Advisors added WNR to its portfolio by purchasing 3,260 company shares during the most recent quarter which is valued at $85,901. Western Refining makes up approx 0.06% of Plante Moran Financial Advisors’s portfolio.Boston Advisors reduced its stake in WNR by selling 5,391 shares or 14.43% in the most recent quarter. The Hedge Fund company now holds 31,962 shares of WNR which is valued at $949,911. Western Refining makes up approx 0.02% of Boston Advisors’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.