Western Refining, Inc. Announces Quarterly Dividend of $0.26 (WNR)
Western Refining (NYSE:WNR) announced a quarterly dividend on Monday, April 21st, ARN reports. Investors of record on Tuesday, May 6th will be paid a dividend of 0.26 per share on Wednesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.52%.
Several analysts have recently commented on the stock. Analysts at Wolfe Research initiated coverage on shares of Western Refining in a research note on Tuesday, April 1st. They set an “outperform” rating and a $50.00 price target on the stock. On the ratings front, analysts at Imperial Capital raised their price target on shares of Western Refining from $30.00 to $44.00 in a research note on Wednesday, March 12th. They now have an “in-line” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Western Refining from $39.00 to $45.00 in a research note on Thursday, March 6th. They now have an “overweight” rating on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.09.
Shares of Western Refining (NYSE:WNR) traded up 0.34% during mid-day trading on Monday, hitting $41.41. The stock had a trading volume of 988,416 shares. Western Refining has a one year low of $25.62 and a one year high of $43.00. The stock has a 50-day moving average of $39.06 and a 200-day moving average of $37.62. The company has a market cap of $3.302 billion and a P/E ratio of 14.78.
Western Refining (NYSE:WNR) last released its earnings data on Thursday, February 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts expect that Western Refining will post $4.06 EPS 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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