Insider Selling: Lowry Barfield Sells 10,000 Shares of Western Refining Stock (WNR)
Western Refining (NYSE:WNR) VP Lowry Barfield unloaded 10,000 shares of Western Refining stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $40.87, for a total transaction of $408,700.00. Following the sale, the vice president now directly owns 7,417 shares in the company, valued at approximately $303,133. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WNR shares. Analysts at Citigroup Inc. upgraded shares of Western Refining from a “neutral” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $12.00 price target on the stock, down previously from $82.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Western Refining in a research note on Thursday, July 3rd. They now have a $41.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.40.
Shares of Western Refining (NYSE:WNR) traded down 1.61% on Friday, hitting $40.30. The stock had a trading volume of 1,435,715 shares. Western Refining has a 52-week low of $27.91 and a 52-week high of $45.00. The stock’s 50-day moving average is $40.29 and its 200-day moving average is $39.82. The company has a market cap of $3.215 billion and a P/E ratio of 14.34.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.29. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 71.0% on a year-over-year basis. On average, analysts predict that Western Refining will post $3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, July 28th.
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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