Investors sold shares of Western Refining Inc. (NYSE:WNR) on strength during trading hours on Friday. $7.78 million flowed into the stock on the tick-up and $28.89 million flowed out of the stock on the tick-down, for a money net flow of $21.11 million out of the stock. Of all equities tracked, Western Refining had the 14th highest net out-flow for the day. Western Refining traded up $0.15 for the day and closed at $20.01

Several equities analysts recently commented on the stock. Credit Suisse Group AG reduced their price objective on shares of Western Refining from $60.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, April 11th. Zacks Investment Research raised shares of Western Refining from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Simmons cut their price target on shares of Western Refining from $30.00 to $27.00 in a research note on Tuesday, April 12th. Barclays PLC cut their price target on shares of Western Refining from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. Finally, Tudor Pickering cut shares of Western Refining from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Western Refining has a consensus rating of “Hold” and an average price target of $35.80.

The firm has a market capitalization of $1.83 billion and a P/E ratio of 5.69. The stock’s 50 day moving average price is $20.21 and its 200 day moving average price is $25.98.

Western Refining (NYSE:WNR) last released its earnings results on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. During the same quarter last year, the firm posted $1.18 EPS. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.90 billion. The company’s revenue for the quarter was down 37.2% compared to the same quarter last year. Equities analysts forecast that Western Refining Inc. will post $1.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Monday, July 25th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Thursday, July 21st.

In related news, Director Robert J. Hassler acquired 20,000 shares of Western Refining stock in a transaction dated Friday, May 6th. The shares were purchased at an average price of $22.10 per share, for a total transaction of $442,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $442,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian John Hogan acquired 10,000 shares of Western Refining stock in a transaction dated Friday, May 27th. The shares were bought at an average price of $21.37 per share, for a total transaction of $213,700.00. Following the transaction, the director now owns 78,463 shares of the company’s stock, valued at $1,676,754.31. The disclosure for this purchase can be found here.

Other large investors recently added to or reduced their stakes in the company. Airain ltd boosted its stake in Western Refining by 248.6% in the fourth quarter. Airain ltd now owns 165,280 shares of the company’s stock valued at $5,887,000 after buying an additional 117,869 shares during the last quarter. Foresters Investment Management Company Inc. boosted its stake in Western Refining by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 199,500 shares of the company’s stock valued at $7,106,000 after buying an additional 2,000 shares during the last quarter. Jennison Associates LLC boosted its stake in Western Refining by 4.7% in the fourth quarter. Jennison Associates LLC now owns 979,211 shares of the company’s stock valued at $34,879,000 after buying an additional 43,775 shares during the last quarter. Trexquant Investment LP boosted its stake in Western Refining by 166.2% in the fourth quarter. Trexquant Investment LP now owns 158,900 shares of the company’s stock valued at $5,660,000 after buying an additional 99,200 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in Western Refining by 9.1% in the fourth quarter. Systematic Financial Management LP now owns 242,289 shares of the company’s stock valued at $8,630,000 after buying an additional 20,225 shares during the last quarter.

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

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