Insider Selling: Western Refining VP Scott D. Weaver Unloads 100,000 Shares of Stock (WNR)
Western Refining (NYSE:WNR) VP Scott D. Weaver unloaded 100,000 shares of Western Refining stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $44.54, for a total value of $4,454,000.00. Following the completion of the transaction, the vice president now directly owns 1,350,000 shares in the company, valued at approximately $60,129,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Western Refining (NYSE:WNR) traded down 0.09% during mid-day trading on Tuesday, hitting $44.55. 960,472 shares of the company’s stock traded hands. Western Refining has a 52 week low of $27.91 and a 52 week high of $45.45. The stock has a 50-day moving average of $40.86 and a 200-day moving average of $40.00. The company has a market cap of $4.503 billion and a P/E ratio of 15.18.
Western Refining (NYSE:WNR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.29 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.25 earnings per share. Western Refining’s revenue was up 79.1% compared to the same quarter last year. Analysts expect that Western Refining will post $3.55 EPS 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 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, July 28th.
A number of research firms have recently commented on WNR. Analysts at Simmons upgraded shares of Western Refining from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.40.
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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