In today’s session Western Refining, Inc. (WNR) registered an unusually high (966) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious WNR increase. With 966 contracts traded and 18784 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: WNR161021C00028000 closed last at: $0.65 or 50% down. About 434,662 shares traded hands. Western Refining, Inc. (NYSE:WNR) has risen 2.76% since March 8, 2016 and is uptrending. It has underperformed by 6.56% the S&P500.
Analysts await Western Refining, Inc. (NYSE:WNR) to report earnings on November, 1. They expect $0.38 earnings per share, down 77.51% or $1.31 from last year’s $1.69 per share. WNR’s profit will be $41.60 million for 18.21 P/E if the $0.38 EPS becomes a reality. After $0.72 actual earnings per share reported by Western Refining, Inc. for the previous quarter, Wall Street now forecasts -47.22% negative EPS growth.
Western Refining, Inc. (NYSE:WNR) Ratings Coverage
Out of 10 analysts covering Western Refining (NYSE:WNR), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. $60 is the highest target while $19 is the lowest. The $37.56 average target is 35.69% above today’s ($27.68) stock price. Western Refining has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. As per Wednesday, September 9, the company rating was upgraded by Tudor Pickering. The firm has “Overweight” rating by Barclays Capital given on Friday, February 26. The stock has “Outperform” rating given by Cowen & Co on Monday, September 19. The rating was maintained by Cowen & Co with “Outperform” on Thursday, February 25. The firm has “Equalweight” rating by Barclays Capital given on Monday, October 10. The company was downgraded on Wednesday, October 21 by Citigroup. Tudor Pickering upgraded the stock to “Buy” rating in Monday, January 4 report. As per Friday, June 10, the company rating was downgraded by JP Morgan. The firm has “Outperform” rating given on Monday, April 11 by Credit Suisse.
According to Zacks Investment Research, “Western Refining, Inc. is an independent crude oil refiner and marketer of refined products headquartered in El Paso, Texas, and operates primarily in the Southwestern region of the United States, including Arizona, New Mexico, and West Texas. They have invested a significant amount of capital in refinery initiatives that will allow us to improve our crude oil processing flexibility, expand refinery capacity, increase production of higher-value refined products and satisfy certain regulatory requirements.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.39, from 0.92 in 2016Q1. The ratio is positive, as 55 funds sold all Western Refining, Inc. shares owned while 67 reduced positions. 50 funds bought stakes while 110 increased positions. They now own 70.16 million shares or 3.64% less from 72.80 million shares in 2016Q1.
Adams Diversified Equity Fund, a Maryland-based fund reported 9,900 shares. Point72 Asset Mngmt L P last reported 250,000 shares in the company. The New Jersey-based Kcg Hldgs has invested 0% in Western Refining, Inc. (NYSE:WNR). Sumitomo Mitsui Tru Incorporated has invested 0% of its portfolio in Western Refining, Inc. (NYSE:WNR). Nomura Asset Ltd last reported 0% of its portfolio in the stock. Wasatch Advsrs Inc has 0.03% invested in the company for 86,830 shares. Spirit Of America Management Ny reported 73,317 shares or 0.22% of all its holdings. Los Angeles Capital And Equity Research reported 38,150 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department owns 40,100 shares or 0% of their US portfolio. Cubist Systematic Strategies Limited Com holds 0% or 1,302 shares in its portfolio. The Georgia-based Invesco has invested 0% in Western Refining, Inc. (NYSE:WNR). Fiera Capital Corp holds 0.01% or 79,000 shares in its portfolio. Jpmorgan Chase & accumulated 0% or 168,914 shares. Parkside Comml Bank And Trust accumulated 0.01% or 903 shares. Ahl Prtnrs Llp holds 0.02% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 19,213 shares.
Insider Transactions: Since May 5, 2016, the stock had 5 insider buys, and 0 insider sales for $24.31 million net activity. Shares for $3.30M were bought by Stevens Jeff A. Shares for $10.80M were bought by Foster Paul L on Thursday, May 12. On Thursday, May 26 the insider Hogan Brian John bought $213,740.
Western Refining, Inc. is a crude oil refiner and marketer of refined products. The company has a market cap of $3.03 billion. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. It has a 9.9 P/E ratio. The Company’s refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt.
WNR Company Profile
Western Refining, Inc. (Western), incorporated on September 16, 2005, is an independent crude oil refiner and marketer of refined products. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. The Company’s refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt. The Firm markets refined products to customer base, including wholesale distributors and retail chains. The refining segment also sells refined products in the Mid-Atlantic region and Mexico. The NTI segment owns and operates refining and transportation assets, and operates and supports retail convenience stores in the Upper Great Plains region of the United States.
More news for Western Refining, Inc. (NYSE:WNR) were recently published by: Globenewswire.com, which released: “Western Refining to Participate in Investor Meetings” on September 26, 2016. Benzinga.com‘s article titled: “Benzinga’s Top Downgrades” and published on October 10, 2016 is yet another important article.
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