As of August 31st, there was short interest totalling 12,205,707 shares, a growth of 39.3% from the August 15th total of 8,762,842 shares. To take look on ration of tradable shares being shorted in market, float short ration was 4.23%, as compared to sentiment indicator; Short Ratio was 5.36. Western Refining has a 12 month low of $18.14 and a 12 month high of $47.55. The stock has a market cap of $1.16 billion, a PE ratio of 16.90 and a beta of 0.94. The company has a 50 day moving average price of $23.89 and a 200-day moving average price of $24.05.
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Western Refining, Inc. stock has been assigned average brokerage rating of 2.71 by Zacks which is against the rating of 2.71 a quarter earlier. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.21.
A current consensus EPS estimate for next quarter is at $0.02 and 3 month ago EPS forecast was $0.18.
Western Refining Logistics, LP had its “neutral” rating reiterated by analysts at JP Morgan. During the same quarter in the previous year, the company earned $1.44 earnings per share.
In other Western Refining news, CEO Jeff A. Stevens bought 100,000 shares of Western Refining stock in a transaction on Wednesday, August 24th.
The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. Following the completion of the transaction, the chief executive officer now owns 3,474,156 shares of the company’s stock, valued at approximately $80,774,127. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Paul L. Foster purchased 325,000 shares of the business’s stock in a transaction on Tuesday, August 9th. While it’s Return on Investment (ROI) value is 23.5%. The disclosure for this purchase can be found here.
Brokerage covering the stock are predicting that the stock will reach $26.166 in short-term. LLC (“SPPR”), a wholly-owned subsidiary of Northern Tier Energy LLC and indirect wholly-owned subsidiary of Western Refining, Inc. Glenmede Trust Co. NA now owns 17,450 shares of the company’s stock valued at $507,000 after buying an additional 17,400 shares in the last quarter. State Street Corp increased its position in Western Refining Logistics by 3.9% in the first quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of WNR. A complaint was filed in the United States District Court for the Southern District of NY on behalf of all persons or entities that purchased the common stock of Tokai between June 24, 2015 and July 25, 2016, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
Sysco Corporation (NYSE:SYY) last posted quarterly earnings per share of $0.64 on 2016-08-15 based on the quarter that ended on 2016-06-30. Northwestern Mutual Wealth Management Co. now owns 9,840 shares of the company’s stock worth $203,000 after buying an additional 2,961 shares during the period.
Several research analysts have weighed in on the company.
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Cowen upped the target price of Western Refining (NYSE:WNR) to $32, indicating a possible upside of 0.16%.
