Trade Report: The Virginia Retirement Systems ET AL Acquires 18,200 Shares of Western Refining Inc. (WNR)

The Virginia Retirement Systems ET AL Acquires 18,200  Shares of Western Refining Inc. (WNR)

Virginia Retirement Systems ET AL acquired a new stake in Western Refining Inc. (NYSE:WNR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,200 shares of the company’s stock, valued at approximately $375,000.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Western Refining by 5.8% in the second quarter. Vanguard Group Inc. now owns 8,214,844 shares of the company’s stock valued at $169,472,000 after buying an additional 447,699 shares in the last quarter. Prudential Financial Inc. boosted its stake in Western Refining by 46.9% in the second quarter. Prudential Financial Inc. now owns 3,791,097 shares of the company’s stock valued at $78,210,000 after buying an additional 1,210,995 shares in the last quarter. State Street Corp boosted its stake in Western Refining by 4.7% in the first quarter. State Street Corp now owns 3,401,738 shares of the company’s stock valued at $98,958,000 after buying an additional 152,319 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Western Refining by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,499,139 shares of the company’s stock valued at $51,557,000 after buying an additional 291,844 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Western Refining by 1,442.6% in the first quarter. Wellington Management Group LLP now owns 2,009,919 shares of the company’s stock valued at $58,469,000 after buying an additional 1,879,626 shares in the last quarter. 65.13% of the stock is owned by institutional investors and hedge funds.

Shares of Western Refining Inc. (NYSE:WNR) opened at 27.35 on Friday. Western Refining Inc. has a 52-week low of $18.14 and a 52-week high of $47.55. The firm has a market cap of $2.97 billion, a P/E ratio of 9.72 and a beta of 1.63. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $24.01.

Western Refining (NYSE:WNR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.51 by $0.21. Western Refining had a return on equity of 10.65% and a net margin of 3.20%. The business earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue was down 25.5% compared to the same quarter last year. Analysts anticipate that Western Refining Inc. will post $1.30 earnings per share for the current year.

Several brokerages have commented on WNR. Cowen and Company boosted their target price on Western Refining from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Credit Suisse Group AG boosted their target price on Western Refining from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Piper Jaffray Cos. boosted their target price on Western Refining from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, September 16th. JPMorgan Chase & Co. raised Western Refining from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $28.00 in a research note on Thursday, September 15th. Finally, Morgan Stanley reissued a “hold” rating and set a $21.00 target price on shares of Western Refining in a research note on Thursday, September 1st. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.80.

In other Western Refining news, Chairman Paul L. Foster purchased 325,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average price of $23.59 per share, for a total transaction of $7,666,750.00. Following the transaction, the chairman now owns 3,109,466 shares in the company, valued at approximately $73,352,302.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeff A. Stevens purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were acquired at an average price of $23.25 per share, with a total value of $2,325,000.00. Following the transaction, the chief executive officer now owns 3,474,156 shares in the company, valued at approximately $80,774,127. The disclosure for this purchase can be found here. 26.50% of the stock is owned by company insiders.

Western Refining Company Profile

Western Refining, Inc (Western) is a crude oil refiner and marketer of refined products. The Company operates through four segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. Its 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.

Related posts

Leave a Comment