Western Refining, Inc. (NYSE:WNR) luring passive investments, as shares surged 2.32% ended at $26.47 as the stock held volume of 4.15 Million as compared to average daily volume of 3533.49. Western Refining Logistics (WNRL) agreed w/ Western Refining (WNR) to takeover certain terminalling, storage and other logistics assets from St. Paul Park Refining for total consideration of $210 million.
The logistics assets to be takeover by WNRL include about four million barrels of refined product and crude oil storage tanks, a light products terminal, a heavy products loading rack, certain rail and barge facilities, certain other related logistics assets, and two crude oil pipeline sections and one pipeline section not presently in service, each of which is about 2.5 miles and extends from SPPR’s refinery in St. Paul Park, Minnesota to SPPR’s tank farm in Cottage Grove, Minnesota.
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Pier 1 Imports, Inc. (NYSE:PIR) rises up 3.23% to close at $4.80 with the total traded volume of 2.97 Million. The firm’s current ratio calculated as 2.10 for the most recent quarter Pier 1 Imports Inc. (PIR) released that its BOD and Chief Executive Alex Smith “mutually agreed” to part ways effective Dec. 31. The bodis putting in place a succession plan and conducting a CEO search with the help of human-resources consultants at Korn Ferry. Smith has been Pier 1’s CEO for around 10 years.
In a separate statement, the Fort Worth, Texas, firm stated its second-quarter net sales fell 6.7% compared to the same period a year ago and same-store sales fell 4.3%. The firm expects adjusted second-quarter losses among 6 cents a share and 5 cents a share related to the CEO ousting. The firm is planned to report second-quarter results Sept. 15 and analysts polled by FactSet had predictable a loss of 3 cents a share in the quarter.
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Stocks of Honeywell International Inc. (NYSE:HON) shows active performance, crashed down -1.27% to trade at $114.24as Honeywell Board (HON) reported that dividend of AdvanSix ordinary stock to be made effective at 11:59 p.m. EDT on October 1. Each Honeywell shareowner of record will receive a distribution of one share of AdvanSix ordinary stock for every 25 shares of ordinary stock, par value $1.00 per share, of Honeywell, that it holds on the record date. It is anticipated that when-issued trading on the NYSE in AdvanSix ordinary stock will start on or about Wednesday, September 14. On Monday, October 3 AdvanSix ordinary stock will start regular-way trading on the NYSE under the symbol, “ASIX.” The Firm showed a positive 12.60% in the net profit margin and in addition to its operating margin, which remained 17.20%.
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