Insider Selling: Western Refining Insider Unloads 10,000 Shares of Stock (WNR)
Western Refining (NYSE:WNR) Insider Mark J. Smith unloaded 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $40.23, for a total value of $402,300.00. Following the completion of the transaction, the insider now directly owns 83,999 shares in the company, valued at approximately $3,379,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Western Refining (NYSE:WNR) traded up 6.07% during mid-day trading on Wednesday, hitting $43.66. 2,692,140 shares of the company’s stock traded hands. Western Refining has a 1-year low of $27.91 and a 1-year high of $45.00. The stock’s 50-day moving average is $40.36 and its 200-day moving average is $39.84. The company has a market cap of $3.484 billion and a price-to-earnings ratio of 14.41.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.03. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 79.1% on a year-over-year basis. Analysts expect that Western Refining will post $3.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, July 28th.
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. 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.40.
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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