Western Refining Inc. (WNR) Declares Quarterly Dividend of $0.22
Western Refining (NYSE:WNR) declared a quarterly dividend on Tuesday, October 15th, Analyst Ratings Network.com reports. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.22 per share on Thursday, November 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.76%.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Western Refining from $47.00 to $39.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. On a related note, analysts at Imperial Capital cut their price target on shares of Western Refining from $31.00 to $28.00 in a research note to investors on Friday, October 4th. They now have an “in-line” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Western Refining from $43.00 to $32.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Western Refining has a consensus rating of “Hold” and an average target price of $35.10.
Western Refining (NYSE:WNR) traded up 0.60% during mid-day trading on Tuesday, hitting $31.94. The stock had a trading volume of 830,897 shares. Western Refining has a one year low of $23.67 and a one year high of $39.42. The stock’s 50-day moving average is $29.82 and its 200-day moving average is $30.2. The company has a market cap of $2.568 billion and a price-to-earnings ratio of 7.56.
Western Refining (NYSE:WNR) last released its earnings data on Thursday, August 1st. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.05. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company posted $1.89 earnings per share. Western Refining’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Western Refining will post $3.22 earnings per share for the current fiscal year.
Western Refining, Inc (NYSE:WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores.
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