Western Refining Up Nearly 4%, Earlier Went Close To 52 Week Highs As Q4 Profit Rises; Says Well Positioned For 2013

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Western Refining ( WNR ) shares are up nearly 4% at $36.40 but earlier touched $37.57 - just shy of their 52-week high $37.64 - after the company posted adjusted Q4 EPS of $1.45, beating Wall Street forecasts for EPS of between $1.35 and $1.37. But revenues fell 1.2% to $2.25 billion, missing the average estimate for $2.31 billion.

It said: "We have established ambitious goals for the company in 2013. We will continue to focus on safety and reliability. We also plan to further enhance our cost-advantaged crude oil position, grow our logistics assets, increase our financial flexibility, and return cash to shareholders. The Gallup refinery is running at expanded rates, our crude oil gathering system in the Permian Basin is nearing completion, and we continue to maximize the use of cost-advantaged crude oil available in our region. All of these actions, coupled with the location of our assets, position Western well for 2013."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: WNR

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