Western Refining, Inc. (NYSE:WNR) has received an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.74.
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Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Western Refining by 13,405.8% in the first quarter. BlackRock Inc. now owns 8,599,825 shares of the oil and gas company’s stock valued at $301,596,000 after buying an additional 8,536,150 shares during the period. Vanguard Group Inc. raised its position in shares of Western Refining by 5.6% in the first quarter. Vanguard Group Inc. now owns 7,095,375 shares of the oil and gas company’s stock valued at $248,836,000 after buying an additional 374,061 shares in the last quarter. State Street Corp raised its position in shares of Western Refining by 0.7% in the first quarter. State Street Corp now owns 3,765,285 shares of the oil and gas company’s stock valued at $132,054,000 after buying an additional 25,902 shares in the last quarter. Cowen Group Inc. raised its position in shares of Western Refining by 42.0% in the first quarter. Cowen Group Inc. now owns 2,033,402 shares of the oil and gas company’s stock valued at $71,311,000 after buying an additional 601,066 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Western Refining by 37.8% in the first quarter. Morgan Stanley now owns 1,598,443 shares of the oil and gas company’s stock valued at $56,058,000 after buying an additional 438,517 shares in the last quarter. 64.84% of the stock is currently owned by hedge funds and other institutional investors.
Western Refining (WNR) traded down 0.06% during mid-day trading on Tuesday, hitting $36.18. The stock had a trading volume of 17,018,870 shares. The company has a 50 day moving average price of $35.15 and a 200-day moving average price of $36.09. Western Refining has a one year low of $18.14 and a one year high of $40.09.
Western Refining (NYSE:WNR) last issued its earnings results on Tuesday, May 2nd. The oil and gas company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. Western Refining had a net margin of 0.90% and a return on equity of 2.76%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $0.13 EPS. Analysts predict that Western Refining will post $1.49 earnings per share for the current fiscal year.
About Western Refining
Western Refining, Inc is an independent crude oil refiner and marketer of refined products. The Company operates through segments, including refining, Western Refining Logistics, LP (WNRL), retail and Other. As of December 31, 2016, the refining segment owned and operated three refineries that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt.
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