Insider Selling: Mark Smith Unloads 9,400 Shares of Western Refining Stock (WNR)
Western Refining (NYSE:WNR) Insider Mark Smith unloaded 9,400 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $32.26, for a total transaction of $303,244.00. Following the completion of the sale, the insider now directly owns 113,935 shares in the company, valued at approximately $3,675,543. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Western Refining (NYSE:WNR) traded up 1.69% during mid-day trading on Wednesday, hitting $32.48. 1,246,344 shares of the company’s stock traded hands. Western Refining has a 52-week low of $23.67 and a 52-week high of $39.42. The stock has a 50-day moving average of $29.87 and a 200-day moving average of $30.30. The company has a market cap of $2.611 billion and a price-to-earnings ratio of 7.60.
Western Refining (NYSE:WNR) last issued its quarterly 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.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Wednesday, October 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.71%.
WNR has been the subject of a number of recent research reports. 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. Separately, 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $35.10.
Western Refining, Inc (NYSE:WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.