Noteworthy Dividend Flows: Nov 8, 2016 is the day that Western Refining, Inc. (NYSE:WNR) shareholders will see dividends of $0.38?

Noteworthy Dividend Flows: Nov 8, 2016 is the day that Western Refining, Inc. (NYSE:WNR) shareholders will see dividends of $0.38?

Western Refining, Inc. (NYSE:WNR) is expected to pay $0.38 on Nov 8, 2016. The indicated annual dividend is $1.52. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Western Refining, Inc.’s current price of $28.07, the dividend is 1.35%. This dividend’s record date is Oct 24, 2016 and the announcement date is Oct 14, 2016. The stock increased 2.37% or $0.65 during the last trading session, hitting $28.07. Western Refining, Inc. (NYSE:WNR) has declined 3.51% since March 16, 2016 and is downtrending. It has underperformed by 9.05% the S&P500.

Western Refining, Inc. is a crude oil refiner and marketer of refined products. The company has a market cap of $3.06 billion. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. It has a 10.04 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.

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.
Credit Suisse Ag has invested 0% of its portfolio in Western Refining, Inc. (NYSE:WNR). Teachers Retirement System Of The State Of Kentucky last reported 15,500 shares in the company. Paradigm Ny accumulated 0.08% or 32,150 shares. The Texas-based Amer Natl Registered Inv Advisor has invested 0.13% in Western Refining, Inc. (NYSE:WNR). Evercore Wealth Ltd Liability Company has 0% invested in the company for 597 shares. Westchester Cap Limited Liability Company holds 0% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 4 shares. Sg Americas Securities Lc, a New York-based fund reported 21,836 shares. California State Teachers Retirement System accumulated 0.01% or 142,464 shares. Horizon Kinetics Lc has 0.01% invested in the company for 22,518 shares. Victory Capital Management holds 0% or 9,084 shares in its portfolio. Royal State Bank Of Canada last reported 0% of its portfolio in the stock. Petrus Trust Lta has invested 0.1% of its portfolio in Western Refining, Inc. (NYSE:WNR). Weaver C Barksdale And Assoc holds 1,969 shares or 0.07% of its portfolio. Jnba Advisors owns 283 shares or 0% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt has invested 0.02% of its portfolio in Western Refining, Inc. (NYSE:WNR).

Insider Transactions: Since May 5, 2016, the stock had 5 insider purchases, and 0 selling transactions for $24.31 million net activity. Hogan Brian John also bought $213,740 worth of Western Refining, Inc. (NYSE:WNR) shares. Foster Paul L had bought 325,000 shares worth $7.67 million on Tuesday, August 9. Shares for $3.30 million were bought by Stevens Jeff A on Thursday, May 5.

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. The stock of Western Refining, Inc. (NYSE:WNR) earned “Outperform” rating by Cowen & Co on Thursday, February 25. On Thursday, September 15 the stock rating was upgraded by JP Morgan to “Neutral”. The firm has “Outperform” rating given on Monday, September 19 by Credit Suisse. Macquarie Research initiated Western Refining, Inc. (NYSE:WNR) rating on Friday, July 24. Macquarie Research has “Neutral” rating and $43 price target. The stock of Western Refining, Inc. (NYSE:WNR) earned “Hold” rating by Zacks on Friday, August 7. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. Barclays Capital maintained it with “Overweight” rating and $51.0 target price in Tuesday, January 12 report. The firm earned “Hold” rating on Friday, October 16 by Tudor Pickering. The stock of Western Refining, Inc. (NYSE:WNR) earned “Underweight” rating by JP Morgan on Friday, June 10. Goldman Sachs maintained Western Refining, Inc. (NYSE:WNR) rating on Thursday, July 14. Goldman Sachs has “Neutral” rating and $22 price target.

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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