What Next for Western Refining, Inc. Stock After Today’s Bullish Options Activity?

 What Next for Western Refining, Inc. Stock After Today's Bullish Options Activity?

In today’s session Western Refining, Inc. (WNR) registered an unusually high (152) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious WNR increase. With 152 contracts traded and 3914 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: WNR161216C00028000 closed last at: $1.3 or 18.2% up. About 689,141 shares traded hands. Western Refining, Inc. (NYSE:WNR) has declined 3.39% since April 5, 2016 and is downtrending. It has underperformed by 5.35% the S&P500.

Western Refining, Inc. (NYSE:WNR) Ratings Coverage

Out of 10 analysts covering Western Refining (NYSE:WNR), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. Western Refining has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Western Refining, Inc. (NYSE:WNR) earned “Neutral” rating by Macquarie Research on Friday, July 24. The rating was upgraded by Tudor Pickering on Wednesday, September 9 to “Buy”. The stock of Western Refining, Inc. (NYSE:WNR) earned “Outperform” rating by Cowen & Co on Monday, September 19. Tudor Pickering downgraded Western Refining, Inc. (NYSE:WNR) on Tuesday, April 19 to “Sell” rating. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Overweight”. As per Friday, September 11, the company rating was initiated by JP Morgan. The firm has “Outperform” rating given on Monday, April 11 by Credit Suisse. Citigroup upgraded the stock to “Buy” rating in Wednesday, October 19 report. On Wednesday, October 21 the stock rating was downgraded by Citigroup to “Neutral”. The company was downgraded 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 2016 Q2. 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.
Moreover, Raymond James Financial Svcs Advsr Incorporated has 0.01% invested in Western Refining, Inc. (NYSE:WNR) for 26,542 shares. Voya Invest Mngmt Ltd Liability Corporation holds 0% of its portfolio in Western Refining, Inc. (NYSE:WNR) for 30,075 shares. Acadian Asset Mgmt Limited Liability Com last reported 0% of its portfolio in the stock. Invesco Ltd, a Georgia-based fund reported 537,346 shares. Dimensional Fund Advsrs Ltd Partnership has 2.50 million shares for 0.03% of their US portfolio. Globeflex Cap L P has 69,238 shares for 0.39% of their US portfolio. Mutual Of America Cap holds 0.03% or 58,432 shares in its portfolio. Dupont Cap accumulated 47,235 shares or 0.02% of the stock. Peak6 Invests L P, a Illinois-based fund reported 40,496 shares. Ameriprise Fincl reported 564,071 shares or 0.01% of all its holdings. Fifth Third Commercial Bank has 0% invested in the company for 895 shares. Piedmont Investment Advsrs Ltd Llc last reported 0% of its portfolio in the stock. Blackrock Institutional Comm Na, a California-based fund reported 2.51M shares. Arizona State Retirement last reported 0.01% of its portfolio in the stock. Teachers Advisors has 179,323 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 12, 2016, the stock had 3 insider purchases, and 0 sales for $10.20 million net activity. $10.80M worth of Western Refining, Inc. (NYSE:WNR) shares were bought by Foster Paul L. Another trade for 100,000 shares valued at $2.32M was made by Stevens Jeff A on Tuesday, August 23. 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 $2.92 billion. The Firm operates through four divisions: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. It has a 17.37 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.

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