Arosa Capital Management Lp buys $7,109,500 stake in Western Refining (WNR)

Western Refining (WNR) : Arosa Capital Management Lp scooped up 92,878 additional shares in Western Refining during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 295,000 shares of Western Refining which is valued at $7,109,500.Western Refining makes up approximately 1.54% of Arosa Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Polar Asset Management Partners sold out all of its stake in WNR during the most recent quarter. The investment firm sold 7,036 shares of WNR which is valued $169,568. Freestone Capital Holdings sold out all of its stake in WNR during the most recent quarter. The investment firm sold 22,517 shares of WNR which is valued $542,660. Cornerstone Financial Partners added WNR to its portfolio by purchasing 15,341 company shares during the most recent quarter which is valued at $355,604. Western Refining makes up approx 0.12% of Cornerstone Financial Partners’s portfolio.Garrison Bradford Associates Inc boosted its stake in WNR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,000 shares of Western Refining which is valued at $370,880. Western Refining makes up approx 0.35% of Garrison Bradford Associates Inc’s portfolio.Evercore Wealth Management reduced its stake in WNR by selling 810 shares or 57.57% in the most recent quarter. The Hedge Fund company now holds 597 shares of WNR which is valued at $13,838.

Western Refining closed down -0.65 points or -2.58% at $24.51 with 31,79,308 shares getting traded on Thursday. Post opening the session at $25.06, the shares hit an intraday low of $24.055 and an intraday high of $25.2 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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.

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