Market Runner: Is Buying Western Refining, Inc. Here a Winning Strategy?

Market Runner: Is Buying Western Refining, Inc. Here a Winning Strategy?

The stock of Western Refining, Inc. (NYSE:WNR) is a huge mover today! About 1.89M shares traded hands. Western Refining, Inc. (NYSE:WNR) has declined 2.39% since March 15, 2016 and is downtrending. It has underperformed by 7.87% the S&P500.
The move comes after 6 months positive chart setup for the $3.06B company. It was reported on Oct, 18 by Barchart.com. We have $39.02 PT which if reached, will make NYSE:WNR worth $1.19B more.

Analysts await Western Refining, Inc. (NYSE:WNR) to report earnings on November, 1. They expect $0.38 EPS, down 77.51% or $1.31 from last year’s $1.69 per share. WNR’s profit will be $41.44 million for 18.46 P/E if the $0.38 EPS becomes a reality. After $0.72 actual EPS 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. Western Refining has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Tudor Pickering upgraded the shares of WNR in a report on Monday, January 4 to “Buy” rating. Macquarie Research initiated Western Refining, Inc. (NYSE:WNR) on Friday, July 24 with “Neutral” rating. Barclays Capital maintained Western Refining, Inc. (NYSE:WNR) rating on Tuesday, January 12. Barclays Capital has “Overweight” rating and $51.0 price target. The stock of Western Refining, Inc. (NYSE:WNR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, August 5. Barclays Capital downgraded Western Refining, Inc. (NYSE:WNR) on Monday, October 10 to “Equalweight” rating. The company was maintained on Monday, September 19 by Cowen & Co. The stock of Western Refining, Inc. (NYSE:WNR) has “Underweight” rating given on Friday, June 10 by JP Morgan. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. JP Morgan upgraded the shares of WNR in a report on Thursday, September 15 to “Neutral” rating. The stock of Western Refining, Inc. (NYSE:WNR) has “Hold” rating given on Friday, October 16 by Tudor Pickering.

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 improved, 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.
Principal Grp Inc accumulated 0.01% or 424,168 shares. The United Kingdom-based Barclays Plc has invested 0.02% in Western Refining, Inc. (NYSE:WNR). First Trust L P accumulated 0.01% or 97,883 shares. Sit Inv Associate Inc owns 45,150 shares or 0.02% of their US portfolio. Zweig accumulated 0.02% or 11,100 shares. Icon Advisers Company reported 160,000 shares or 0.22% of all its holdings. Dupont Cap Mngmt Corp reported 47,235 shares or 0.02% of all its holdings. Strs Ohio has 0% invested in the company for 44,300 shares. Commerzbank Aktiengesellschaft Fi reported 52,763 shares or 0.01% of all its holdings. Fifth Third Fincl Bank, a Ohio-based fund reported 895 shares. Indexiq Ltd last reported 3,414 shares in the company. Gsa Cap Prns Limited Liability Partnership has 58,832 shares for 0.07% of their US portfolio. Oregon Pub Employees Retirement Fund accumulated 0.02% or 33,656 shares. Evergreen Ltd reported 31,331 shares or 0.14% of all its holdings. Registered Invest Advisor holds 0.13% or 13,509 shares in its portfolio.

Insider Transactions: Since May 5, 2016, the stock had 5 insider buys, and 0 selling transactions for $24.31 million net activity. Stevens Jeff A had bought 100,000 shares worth $2.32M. 500,000 Western Refining, Inc. (NYSE:WNR) shares with value of $10.80M were bought by Foster Paul L. $213,740 worth of Western Refining, Inc. (NYSE:WNR) was bought by Hogan Brian John on Thursday, May 26.

Another recent and important Western Refining, Inc. (NYSE:WNR) news was published by Globenewswire.com which published an article titled: “Western Refining Declares Fourth Quarter 2016 Dividend of $0.38 Per Share” on October 13, 2016.

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.

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