Wexford Capital LP Has $603,000 Position in Western Refining, Inc. (WNR)

Wexford Capital LP continued to hold its stake in shares of Western Refining, Inc. (NYSE:WNR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,204 shares of the oil and gas company’s stock at the end of the first quarter. Wexford Capital LP’s holdings in Western Refining were worth $603,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WNR. Federated Investors Inc. PA raised its stake in shares of Western Refining by 5.2% in the fourth quarter. Federated Investors Inc. PA now owns 32,667 shares of the oil and gas company’s stock valued at $1,237,000 after buying an additional 1,600 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Western Refining by 56.1% in the fourth quarter. Martingale Asset Management L P now owns 38,110 shares of the oil and gas company’s stock valued at $1,443,000 after buying an additional 13,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Western Refining by 22.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,197,585 shares of the oil and gas company’s stock valued at $121,032,000 after buying an additional 590,447 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Western Refining by 34.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,719 shares of the oil and gas company’s stock valued at $595,000 after buying an additional 4,012 shares in the last quarter. Finally, ARP Americas LLC purchased a new stake in shares of Western Refining during the fourth quarter valued at about $2,269,000. Institutional investors and hedge funds own 64.84% of the company’s stock.

Institutional Ownership by Quarter for Western Refining (NYSE:WNR)

Western Refining, Inc. (WNR) remained flat at $36.18 during trading on Tuesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 36.04 and a beta of 1.26. The company’s 50 day moving average is $35.15 and its 200 day moving average is $36.09. Western Refining, Inc. has a 12-month low of $18.14 and a 12-month high of $40.09.

Western Refining (NYSE:WNR) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Western Refining had a net margin of 1.92% and a return on equity of 7.11%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the firm posted $0.13 EPS. Equities research analysts anticipate that Western Refining, Inc. will post $1.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Wednesday, April 26th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, April 24th. This represents a $1.52 annualized dividend and a yield of 4.20%. Western Refining’s dividend payout ratio (DPR) is presently 100.00%.

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Several brokerages recently issued reports on WNR. Zacks Investment Research upgraded Western Refining from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 21st. Credit Suisse Group AG lowered Western Refining from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $40.00 in a report on Friday, March 24th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Western Refining currently has a consensus rating of “Hold” and an average price target of $31.06.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WNR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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