Western Refining (NYSE:WNR) has tumbled 8.56% during the past week and has dropped 19.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.46%. Western Refining (NYSE:WNR) has underperformed the index by 19.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Western Refining (NYSE:WNR): The stock opened at $19.15 on Friday but the bulls could not build on the opening and the stock topped out at $19.79 for the day. The stock traded down to $18.66 during the day, due to lack of any buying support eventually closed down at $18.81 with a loss of -0.95% for the day. The stock had closed at $18.99 on the previous day. The total traded volume was 4,541,659 shares.
The company shares have dropped -56.94% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $50.71 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $21.98 and the 200 Day Moving Average price is recorded at $29.19.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Western Refining, Inc., Hogan Brian John, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $21.41 per share with total amount equaling $214,100.
Many analysts have stated their opinion on the company shares. Major Brokerage house, JP Morgan downgrades its ratings on Western Refining (NYSE:WNR). According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 10, 2016. Currently 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 76.33% of Western Refining shares. During last six month period, the net percent change held by insiders has seen a change of 4.6%.
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.