Western Refining (WNR) is Upgraded by Tudor Pickering to Buy , according to the research report released to the investors. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Western Refining, Inc. has dropped 19.21% during the last 3-month period . Year-to-Date the stock performance stands at -2.73%.
Western Refining, Inc. (NYSE:WNR) has lost 4.71% during the past week and dropped 18.73% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.91%. Western Refining, Inc. (NYSE:WNR) has underperformed the index by 16.83% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Western Refining, Inc. (NYSE:WNR) : On Thursday heightened volatility was witnessed in Western Refining, Inc. (NYSE:WNR) which led to swings in the share price. The shares opened for trading at $35.05 and hit $35.72 on the upside , eventually ending the session at $35.62, with a gain of 1.22% or 0.43 points. The heightened volatility saw the trading volume jump to 1,978,524 shares. The 52-week high of the share price is $51.31 and the company has a market cap of $3,337 million. The 52-week low of the share price is at $31.83 .
Currently the company Insiders own 25.9% of Western Refining, Inc. shares according to the proxy statements. Institutional Investors own 69.04% of Western Refining, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Barfield Lowry, officer (Sr. VP Legal Gen Counsel & Sec) of Western Refining, Inc., unloaded 5,000 shares at an average price of $47.85 on August 10, 2015. The total amount of the transaction was worth $239,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Western Refining, Inc. (WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. WNR operates in two business segments: the refining group and the retail group. The Company owns and operates two refineries with a total crude oil throughput capacity of approximately 151,000 barrels per day. In addition to its 128,000 barrels per day refinery in El Paso, Texas, WNR also owns and operates 23,000 barrels per day refinery near Gallup, New Mexico. In addition to the refineries, it also owns and operates stand-alone refined product distribution terminals in Albuquerque, New Mexico, and Bloomfield, as well as asphalt terminals in Phoenix and Tucson, Arizona; Albuquerque, and El Paso. Effective November 12, 2013, Western Refining Inc acquired a 38.681% interest in Northern Tier Energy LP.