Large Outflow of Money Witnessed in Western Refining

Western Refining (WNR) : Fridays money flow analysis of Western Refining (WNR) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $28.89 million. In comparison, the inflow of money on upticks was a meager $7.78 million. The dollar value of composite uptick trades minus the downtick trades was negative $21.11 million. The uptick to downtick ratio of 0.27 in the money flow shows weakness. The uptick block trades were valued at $0.48 million. The downtick transaction value was high at $22.04 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.02. Hence, the net money flow in the stock was negative ($21.56 million). Western Refining (WNR) gained $0.15 at $20.01, a change of 0.76% over the previous days close.


Western Refining (WNR) : The highest short term price target forecast on Western Refining (WNR) is $47 and the lowest target price is $16. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $28.57 with a standard deviation of $11.87.

Western Refining (NYSE:WNR): stock turned positive on Friday. Though the stock opened at $20, the bulls momentum made the stock top out at $20.21 level for the day. The stock recorded a low of $19.57 and closed the trading day at $20.01, in the green by 0.76%. The total traded volume for the day was 3,527,896. The stock had closed at $19.86 in the previous days trading.

In a related news, Hogan Brian John, director of Western Refining, Inc. had purchased 10,000 shares on May 26, 2016 in a transaction. The price per share was $21.41 and the total amount of the disclosed transaction was $214,100.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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