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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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April 17, 2014
05:39 EDTWNRWestern Refining announces new Delaware Basin pipeline project
Western Refining (WNR) announced an additional pipeline project in the Delaware Basin. Subject to approvals, Western plans to construct a new pipeline originating near Western Refining Logistics, LP's (WNRL) existing Mason Station crude oil gathering facility in Reeves County, Texas terminating at a new crude oil gathering facility at Wink Station in Winkler County, Texas. The pipeline, approximately 40 miles in length, will be capable of receiving and transporting up to 125,000 barrels per day of light crude oil and condensate for delivery to common carrier pipelines at Wink, Texas and is expected to be in service by mid-2015.
April 8, 2014
07:52 EDTWNRRefiners 2014 EPS estimates raised at Wells Fargo
Wells Fargo significantly raised its 2014 EPS estimates for Alon USA (ALJ), PBF Energy (PBF), Valero (VLO), and Western Refining (WNR) . The firm thinks that the sector is benefiting from better crack spreads and refining utilization so far in Q2, while U.S. exports of refined products jumped 21% year-over-year last quarter. Wells keeps Outperform ratings on PBF and Valero, and Market Perform ratings on Alon USA and Western Refining.

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