Western Refining Inc. (NYSE:WNR) traded down 6.6% on Tuesday . The company traded as low as $19.69 and last traded at $19.80, with a volume of 1,965,214 shares changing hands. The stock had previously closed at $21.19.

A number of equities research analysts have weighed in on the company. Credit Suisse Group AG decreased their price objective on Western Refining from $60.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, April 11th. Simmons decreased their price objective on Western Refining from $30.00 to $27.00 in a report on Tuesday, April 12th. Zacks Investment Research raised Western Refining from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Barclays PLC decreased their price objective on Western Refining from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Finally, Tudor Pickering raised Western Refining from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Western Refining currently has a consensus rating of “Hold” and an average price target of $38.50.

The firm has a 50-day moving average of $20.87 and a 200-day moving average of $27.18. The company has a market capitalization of $1.87 billion and a PE ratio of 5.82.

Western Refining (NYSE:WNR) last released its earnings results on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm earned $1.46 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was down 37.2% on a year-over-year basis. On average, equities analysts expect that Western Refining Inc. will post $1.52 earnings per share for the current fiscal year.

In related news, Director Brian John Hogan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was acquired at an average cost of $21.37 per share, with a total value of $213,700.00. Following the completion of the purchase, the director now directly owns 78,463 shares in the company, valued at $1,676,754.31. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff A. Stevens acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $22.02 per share, with a total value of $3,303,000.00. Following the completion of the purchase, the chief executive officer now owns 3,377,609 shares of the company’s stock, valued at $74,374,950.18. The disclosure for this purchase can be found here.

Several large investors recently made changes to their positions in the company. Russell Frank Co boosted its stake in shares of Western Refining by 538.2% in the fourth quarter. Russell Frank Co now owns 527,590 shares of the company’s stock worth $18,565,000 after buying an additional 444,928 shares during the period. Schroder Investment Management Group boosted its stake in shares of Western Refining by 1,029.2% in the fourth quarter. Schroder Investment Management Group now owns 460,700 shares of the company’s stock worth $16,410,000 after buying an additional 419,900 shares during the period. Grisanti Capital Management LLC bought a new stake in shares of Western Refining during the fourth quarter worth approximately $9,168,000. New York State Common Retirement Fund boosted its stake in shares of Western Refining by 216.5% in the fourth quarter. New York State Common Retirement Fund now owns 288,802 shares of the company’s stock worth $10,287,000 after buying an additional 197,541 shares during the period. Finally, Boston Partners boosted its stake in shares of Western Refining by 5.2% in the fourth quarter. Boston Partners now owns 3,376,383 shares of the company’s stock worth $120,267,000 after buying an additional 167,211 shares during the period.

Western Refining, Inc (Western) is an independent crude oil refiner and marketer of refined products. The Company operates through four business segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. The Company’s refining segment owns and operates two refineries in the Southwest that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt.

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