Insider Selling: Western Refining VP Sells 2,500 Shares of Stock (WNR)
Western Refining (NYSE:WNR) VP Jeffrey S. Beyersdorfer sold 2,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $45.07, for a total transaction of $112,675.00. Following the completion of the transaction, the vice president now directly owns 49,771 shares in the company, valued at approximately $2,243,179. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on WNR shares. 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.40.
Western Refining (NYSE:WNR) traded up 2.51% during mid-day trading on Wednesday, hitting $45.67. 1,690,930 shares of the company’s stock traded hands. Western Refining has a one year low of $27.91 and a one year high of $45.85. The stock’s 50-day moving average is $41.00 and its 200-day moving average is $40.04. The company has a market cap of $4.617 billion and a P/E ratio of 15.17.
Western Refining (NYSE:WNR) last released its 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. On average, analysts predict that Western Refining will post $3.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders 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 2.28%. 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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