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Western Refining (NYSE:WNR) major shareholder Paul L. Foster sold 500,000 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $46.12, for a total transaction of $23,060,000.00. Following the completion of the sale, the insider now directly owns 3,602,237 shares of the company’s stock, valued at approximately $166,135,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Western Refining (NYSE:WNR) traded up 0.91% on Friday, hitting $46.53. 788,841 shares of the company’s stock traded hands. Western Refining has a 52 week low of $27.91 and a 52 week high of $47.76. The stock’s 50-day moving average is $43.43 and its 200-day moving average is $40.75. The company has a market cap of $4.704 billion and a price-to-earnings ratio of 15.70.

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. On average, analysts predict that Western Refining will post $3.59 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Western Refining presently has a consensus 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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