Western Refining (WNR) : Aft Forsyth Sober has sold out all of its stake in Western Refining during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 750 shares of Western Refining which is valued at $16,290.
Other Hedge Funds, Including , Zebra Capital Management boosted its stake in WNR in the latest quarter, The investment management firm added 21,284 additional shares and now holds a total of 91,145 shares of Western Refining which is valued at $2 Million. Western Refining makes up approx 0.80% of Zebra Capital Management’s portfolio.First Trust Advisors Lp boosted its stake in WNR in the latest quarter, The investment management firm added 21,165 additional shares and now holds a total of 118,465 shares of Western Refining which is valued at $2.6 Million. Western Refining makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Blackrock Fund Advisors reduced its stake in WNR by selling 211,291 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 3,466,963 shares of WNR which is valued at $75.3 Million. Western Refining makes up approx 0.02% of Blackrock Fund Advisors’s portfolio. Finemark National Bank Trust added WNR to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $54,300. Western Refining makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Dupont Capital Management Corp reduced its stake in WNR by selling 2,237 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 38,147 shares of WNR which is valued at $1 Million. Western Refining makes up approx 0.02% of Dupont Capital Management Corp’s portfolio.
Western Refining opened for trading at $22.86 and hit $23.29 on the upside on Friday, eventually ending the session at $23.23, with a gain of 1.57% or 0.36 points. The heightened volatility saw the trading volume jump to 21,94,105 shares. Company has a market cap of $2,120 M.
On the company’s financial health, Western Refining reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.24. The company had revenue of $1455.50 million for the quarter, compared to analysts expectations of $1839.00 million. The company’s revenue was down -37.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on Western Refining. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 36 from a previous price target of $39 .Shares were Reiterated by Cowen on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $60 .
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.