Insider Selling: Ralph A. Schmidt Sells 75,000 Shares of Western Refining Stock (WNR)
Western Refining (NYSE:WNR) Director Ralph A. Schmidt sold 75,000 shares of Western Refining stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $44.00, for a total transaction of $3,300,000.00. Following the transaction, the director now directly owns 203,648 shares of the company’s stock, valued at approximately $8,960,512. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Simmons upgraded shares of Western Refining from a “neutral” rating to an “overweight” rating in a research note on Thursday. 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.40.
Western Refining (NYSE:WNR) traded up 0.65% during mid-day trading on Friday, hitting $44.93. 1,478,443 shares of the company’s stock traded hands. Western Refining has a 52-week low of $27.91 and a 52-week high of $45.16. The stock has a 50-day moving average of $40.69 and a 200-day moving average of $39.94. The company has a market cap of $3.585 billion and a price-to-earnings ratio of 15.21.
Western Refining (NYSE:WNR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.29 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 79.1% on a year-over-year basis. Analysts expect that Western Refining will post $3.64 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 2.31%. The ex-dividend date of this dividend 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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