Western Refining (WNR) has risen sharply, recording gains of 4.31% in the past 4 weeks. However, the stock has corrected -4.15% in the past 1 week, providing a good buying opportunity on dips. Western Refining (WNR) : During the past 4 weeks, traders have been relatively bearish on Western Refining (WNR), hence the stock is down -0.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.56% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 6.76%.
Western Refining (NYSE:WNR): The stock opened at $20.27 on Friday but the bulls could not build on the opening and the stock topped out at $20.28 for the day. The stock traded down to $19.54 during the day, due to lack of any buying support eventually closed down at $19.62 with a loss of -2.24% for the day. The stock had closed at $20.07 on the previous day. The total traded volume was 3,686,965 shares.
The company Insiders own 26.5% of Western Refining shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.73% . Institutional Investors own 76.58% of Western Refining shares. During last six month period, the net percent change held by insiders has seen a change of 4.6%. In a related news, Hogan Brian John, director of Western Refining, Inc., executed a transaction worth $214,100 on May 26, 2016. A total of 10,000 shares were purchased at an average price of $21.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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 Companys 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.