Western Refining, Inc. (NYSE:WNR) has received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.74.

Several research firms have weighed in on WNR. Zacks Investment Research raised shares of Western Refining from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 21st. Credit Suisse Group cut shares of Western Refining from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $40.00 in a report on Friday, March 24th.

Western Refining (NYSE WNR) traded down 0.06% during midday trading on Friday, reaching $36.18. The company had a trading volume of 17,018,870 shares. The stock’s 50 day moving average price is $35.15 and its 200-day moving average price is $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 released its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Western Refining had a net margin of 0.90% and a return on equity of 2.76%. During the same period in the prior year, the firm earned $0.13 EPS. On average, equities research analysts predict that Western Refining will post $1.49 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in shares of Western Refining by 50.1% in the fourth quarter. Guggenheim Capital LLC now owns 443,974 shares of the oil and gas company’s stock worth $16,805,000 after buying an additional 148,254 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Western Refining by 2.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 141,000 shares of the oil and gas company’s stock worth $5,554,000 after buying an additional 3,500 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Western Refining by 303.5% in the fourth quarter. Two Sigma Investments LP now owns 93,632 shares of the oil and gas company’s stock worth $3,544,000 after buying an additional 139,632 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Western Refining by 28.1% in the fourth quarter. GSA Capital Partners LLP now owns 29,764 shares of the oil and gas company’s stock worth $1,127,000 after buying an additional 6,536 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Western Refining by 39.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,262 shares of the oil and gas company’s stock worth $427,000 after buying an additional 3,165 shares during the last quarter. Hedge funds and other institutional investors own 64.84% of the company’s stock.

Western Refining Company Profile

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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