Western Refining (WNR) : Garrison Bradford Associates Inc scooped up 1,000 additional shares in Western Refining during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 16,000 shares of Western Refining which is valued at $370,880.Western Refining makes up approximately 0.35% of Garrison Bradford Associates Inc’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services sold out all of its stake in WNR during the most recent quarter. The investment firm sold 13,472 shares of WNR which is valued $312,281. Clark Estates Incny sold out all of its stake in WNR during the most recent quarter. The investment firm sold 77,396 shares of WNR which is valued $1,794,039. Shelton Capital Management sold out all of its stake in WNR during the most recent quarter. The investment firm sold 6,991 shares of WNR which is valued $162,051.Jnba Financial Advisors boosted its stake in WNR in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 623 shares of Western Refining which is valued at $12,466.Spirit Of America Management Corpny reduced its stake in WNR by selling 99,441 shares or 57.56% in the most recent quarter. The Hedge Fund company now holds 73,317 shares of WNR which is valued at $1,500,799. Western Refining makes up approx 0.22% of Spirit Of America Management Corpny’s portfolio.
Western Refining opened for trading at $24.47 and hit $25.18 on the upside on Monday, eventually ending the session at $24.64, with a gain of 1.27% or 0.31 points. The heightened volatility saw the trading volume jump to 32,66,288 shares. Company has a market cap of $2,672 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.