Simplex Trading buys $949,783 stake in Western Refining (WNR)

Western Refining (WNR) : Simplex Trading scooped up 7,800 additional shares in Western Refining during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 34,727 shares of Western Refining which is valued at $949,783.Western Refining makes up approximately 0.12% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network sold out all of its stake in WNR during the most recent quarter. The investment firm sold 183 shares of WNR which is valued $5,005.Bnp Paribas Arbitrage Sa reduced its stake in WNR by selling 43,364 shares or 42.16% in the most recent quarter. The Hedge Fund company now holds 59,480 shares of WNR which is valued at $1,687,448. Western Refining makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in WNR by selling 2,458 shares or 16.38% in the most recent quarter. The Hedge Fund company now holds 12,546 shares of WNR which is valued at $355,930. Western Refining makes up approx 0.02% of Eqis Capital Management’s portfolio.

Western Refining closed down -1.04 points or -3.66% at $27.35 with 26,82,037 shares getting traded on Friday. Post opening the session at $28.47, the shares hit an intraday low of $27.33 and an intraday high of $28.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Company shares were Reiterated by Cowen on Sep 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .Western Refining was Upgraded by JP Morgan to ” Neutral” on Sep 15, 2016. Goldman Resumed Western Refining on Jul 14, 2016 to “Neutral”, Price Target of the shares are set at $22.

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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