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Western Refining (NYSE:WNR) VP Scott D. Weaver sold 50,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $45.84, for a total value of $2,292,000.00. Following the completion of the sale, the vice president now directly owns 1,300,000 shares in the company, valued at approximately $59,592,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Western Refining (NYSE:WNR) traded down 1.36% during mid-day trading on Friday, hitting $45.58. The stock had a trading volume of 1,109,044 shares. Western Refining has a one year low of $27.91 and a one year high of $46.73. The stock’s 50-day moving average is $41.2 and its 200-day moving average is $40.08. The company has a market cap of $4.608 billion and a price-to-earnings ratio of 15.73.

Western Refining (NYSE:WNR) last announced its earnings results 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. On average, analysts predict that Western Refining will post $3.54 earnings per share for the current fiscal year.

WNR has been the subject of a number of recent research reports. 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 company. The company presently 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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