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Stock Market & Financial Investment News

News Breaks
January 15, 2013
17:21 EDTWNRWestern Refining increases dividend 50% to 12c per share
Western Refining announced its board of directors approved a 12c per share dividend for Q1. The dividend will be paid on February 14 to shareholders of record on January 30. "This is the second dividend increase since Q1 of 2012 and represents a 50% increase from the Q4 dividend," said CEO Jeff Stevens.
News For WNR From The Last 14 Days
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March 25, 2015
09:29 EDTWNRRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTWNRRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

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