Western Refining, Inc. (WNR) Receives Average Rating of “Hold” from Analysts
Western Refining, Inc. (NYSE:WNR) has earned an average recommendation of “Hold” from the seventeen research firms that are covering the company. Eleven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $31.22.
A number of analysts have recently weighed in on the stock. Credit Suisse Group restated a “buy” rating and issued a $31.00 price objective on shares of Western Refining in a research note on Tuesday, November 8th. Royal Bank Of Canada upgraded shares of Western Refining from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $35.00 in a research note on Tuesday, November 15th. Cowen and Company boosted their price objective on shares of Western Refining from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Barclays PLC cut shares of Western Refining from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $29.00 to $30.00 in a research note on Monday, October 10th. Finally, Zacks Investment Research upgraded shares of Western Refining from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, January 7th.
Western Refining (NYSE:WNR) opened at 34.35 on Monday. Western Refining has a 52-week low of $18.14 and a 52-week high of $40.09. The company has a market capitalization of $3.72 billion, a P/E ratio of 22.51 and a beta of 1.39. The stock has a 50 day moving average of $37.65 and a 200-day moving average of $28.57.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Wednesday, January 18th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, January 13th. This represents a $1.52 annualized dividend and a dividend yield of 4.43%. Western Refining’s dividend payout ratio is presently 100.00%.
Several large investors have recently modified their holdings of WNR. Tower Research Capital LLC TRC increased its stake in shares of Western Refining by 16.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,965 shares of the company’s stock valued at $105,000 after buying an additional 556 shares in the last quarter. Creative Planning increased its stake in shares of Western Refining by 36.7% in the third quarter. Creative Planning now owns 4,314 shares of the company’s stock valued at $114,000 after buying an additional 1,159 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Western Refining during the second quarter valued at approximately $125,000. LS Investment Advisors LLC increased its stake in shares of Western Refining by 20.2% in the third quarter. LS Investment Advisors LLC now owns 5,115 shares of the company’s stock valued at $135,000 after buying an additional 860 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Western Refining during the third quarter valued at approximately $140,000. Institutional investors own 65.67% of the company’s stock.
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Western Refining Company Profile
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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