Western Refining Inc. (NYSE:WNR) was up 6.5% on Friday . The company traded as high as $20.82 and last traded at $20.80, with a volume of 2,483,129 shares traded. The stock had previously closed at $19.53.

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

The stock has a market cap of $1.87 billion and a price-to-earnings ratio of 5.82. The firm has a 50-day moving average price of $20.70 and a 200-day moving average price of $27.00.

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

In other news, Director Robert J. Hassler acquired 20,000 shares of the business’s stock in a transaction on Friday, May 6th. The shares were acquired at an average cost of $22.10 per share, with a total value of $442,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $442,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Paul L. Foster acquired 500,000 shares of the business’s stock in a transaction on Friday, May 13th. The shares were purchased at an average cost of $21.60 per share, for a total transaction of $10,800,000.00. Following the completion of the transaction, the insider now owns 3,430,619 shares in the company, valued at approximately $74,101,370.40. The disclosure for this purchase can be found here.

Other hedge funds have recently bought and sold shares of the company. Jennison Associates raised its position in Western Refining by 0.5% in the third quarter. Jennison Associates now owns 935,436 shares of the company’s stock valued at $41,271,000 after buying an additional 4,207 shares during the last quarter. Russell Frank Co raised its position in Western Refining by 538.2% in the fourth quarter. Russell Frank Co now owns 527,590 shares of the company’s stock valued at $18,565,000 after buying an additional 444,928 shares during the last quarter. Strs Ohio raised its position in Western Refining by 8.5% in the fourth quarter. Strs Ohio now owns 38,400 shares of the company’s stock valued at $1,367,000 after buying an additional 3,000 shares during the last quarter. California State Teachers Retirement System raised its position in Western Refining by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 131,780 shares of the company’s stock valued at $4,694,000 after buying an additional 1,967 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Western Refining by 4.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 58,813 shares of the company’s stock valued at $2,100,000 after buying an additional 2,667 shares during the last quarter.

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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