Western Refining Inc. (WNR) Stock Price Down 1.4%
Western Refining Inc. (NYSE:WNR) dropped 1.4% on Thursday . The company traded as low as $23.28 and last traded at $23.36, with a volume of 1,374,375 shares traded. The stock had previously closed at $23.69.
WNR has been the subject of a number of research reports. Wells Fargo & Co. reissued a “hold” rating on shares of Western Refining in a report on Saturday, July 9th. Simmons reissued a “hold” rating and set a $26.00 target price (down previously from $27.00) on shares of Western Refining in a report on Wednesday, May 4th. Zacks Investment Research raised Western Refining from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Tudor Pickering raised Western Refining from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Morgan Stanley set a $21.00 target price on Western Refining and gave the stock a “hold” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Western Refining presently has a consensus rating of “Hold” and a consensus price target of $32.11.
The firm has a market cap of $2.54 billion and a PE ratio of 8.33. The stock’s 50-day moving average price is $21.70 and its 200-day moving average price is $24.35.
Western Refining (NYSE:WNR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The business earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was down 25.5% compared to the same quarter last year. On average, equities analysts forecast that Western Refining Inc. will post $1.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Monday, July 25th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $1.52 dividend on an annualized basis and a yield of 6.49%.
In other Western Refining news, Director Brian John Hogan acquired 10,000 shares of Western Refining stock in a transaction on Friday, May 27th. The stock was purchased at an average price of $21.37 per share, for a total transaction of $213,700.00. Following the purchase, the director now directly owns 78,463 shares of the company’s stock, valued at $1,676,754.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Paul L. Foster acquired 325,000 shares of Western Refining stock in a transaction on Tuesday, August 9th. The stock was acquired at an average price of $23.59 per share, with a total value of $7,666,750.00. Following the purchase, the chairman now directly owns 3,109,466 shares in the company, valued at $73,352,302.94. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have made changes to their positions in WNR. Airain ltd increased its position in shares of Western Refining by 248.6% in the fourth quarter. Airain ltd now owns 165,280 shares of the company’s stock worth $5,887,000 after buying an additional 117,869 shares during the period. Jennison Associates LLC increased its position in shares of Western Refining by 4.7% in the fourth quarter. Jennison Associates LLC now owns 979,211 shares of the company’s stock worth $34,879,000 after buying an additional 43,775 shares during the period. Marshall Wace LLP acquired a new position in shares of Western Refining during the fourth quarter worth about $1,613,000. Principal Financial Group Inc. increased its position in shares of Western Refining by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 368,897 shares of the company’s stock worth $13,140,000 after buying an additional 2,367 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Western Refining by 75.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 44,821 shares of the company’s stock worth $1,597,000 after buying an additional 19,221 shares during the period.
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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