Spirit of America Management Corp NY increased its position in shares of Western Refining Inc. (NYSE:WNR) by 95.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,456 shares of the company’s stock after buying an additional 70,139 shares during the period. Spirit of America Management Corp NY owned 0.13% of Western Refining worth $3,796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WNR. AMP Capital Investors Ltd raised its stake in shares of Western Refining by 178.5% in the first quarter. AMP Capital Investors Ltd now owns 29,800 shares of the company’s stock worth $850,000 after buying an additional 19,100 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Western Refining by 24.0% in the first quarter. Envestnet Asset Management Inc. now owns 28,548 shares of the company’s stock worth $830,000 after buying an additional 5,534 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Western Refining by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 110,512 shares of the company’s stock worth $3,215,000 after buying an additional 414 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Western Refining by 14,124.6% in the second quarter. BNP Paribas Arbitrage SA now owns 102,844 shares of the company’s stock worth $2,122,000 after buying an additional 102,121 shares in the last quarter. Finally, Breton Hill Capital Ltd. raised its stake in shares of Western Refining by 31.4% in the second quarter. Breton Hill Capital Ltd. now owns 38,539 shares of the company’s stock worth $795,000 after buying an additional 9,217 shares in the last quarter. Hedge funds and other institutional investors own 65.84% of the company’s stock.

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

Western Refining Inc. (NYSE:WNR) traded up 0.82% during midday trading on Wednesday, hitting $35.87. 3,614,194 shares of the stock traded hands. The stock’s 50-day moving average price is $30.27 and its 200-day moving average price is $24.87. Western Refining Inc. has a 52 week low of $18.14 and a 52 week high of $46.65. The stock has a market capitalization of $3.89 billion, a P/E ratio of 23.51 and a beta of 1.36.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Monday, October 24th were paid a $0.38 dividend. The ex-dividend date was Thursday, October 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.24%. Western Refining’s dividend payout ratio (DPR) is 100.00%.

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A number of brokerages have recently commented on WNR. Morgan Stanley set a $21.00 price target on shares of Western Refining and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Western Refining from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 16th. Piper Jaffray Cos. lifted their price target on shares of Western Refining from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Credit Suisse Group AG reiterated an “outperform” rating on shares of Western Refining in a report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. upgraded shares of Western Refining from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Thursday, September 15th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Western Refining has a consensus rating of “Hold” and a consensus target price of $30.44.

About Western Refining

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.

5 Day Chart for NYSE:WNR

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