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Western Refining (NYSE:WNR) VP Scott D. Weaver sold 50,000 shares of Western Refining stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $45.84, for a total value of $2,292,000.00. Following the completion of the transaction, the vice president now directly owns 1,300,000 shares of the company’s stock, valued at approximately $59,592,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Western Refining presently has a consensus rating of “Buy” and a consensus price target of $39.40.

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 $41.4 and its 200-day moving average is $40.13. The company has a market cap of $4.608 billion and a P/E ratio of 15.73.

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. Analysts expect that Western Refining will post $3.54 EPS for the current fiscal year.

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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