Shares of Western Refining, Inc. (NYSE:WNR) have been assigned an average rating of “Hold” from the fifteen brokerages that are covering the stock. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.27.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Western Refining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Saturday, January 7th. Credit Suisse Group AG lowered Western Refining from an “outperform” rating to a “neutral” rating and cut their target price for the company from $48.00 to $40.00 in a research report on Friday, March 24th.

Several large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in Western Refining by 0.9% in the first quarter. Advisors Asset Management Inc. now owns 536,203 shares of the oil and gas company’s stock valued at $18,805,000 after buying an additional 4,888 shares in the last quarter. IndexIQ Advisors LLC raised its stake in Western Refining by 20.0% in the first quarter. IndexIQ Advisors LLC now owns 80,131 shares of the oil and gas company’s stock valued at $2,810,000 after buying an additional 13,329 shares in the last quarter. State Treasurer State of Michigan raised its stake in Western Refining by 0.9% in the first quarter. State Treasurer State of Michigan now owns 32,200 shares of the oil and gas company’s stock valued at $1,129,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Western Refining by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 47,717 shares of the oil and gas company’s stock valued at $1,672,000 after buying an additional 2,276 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its stake in Western Refining by 62.2% in the first quarter. Adams Diversified Equity Fund Inc. now owns 25,300 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 9,700 shares in the last quarter. 64.84% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Western Refining (NYSE:WNR) traded up 0.94% during mid-day trading on Tuesday, reaching $34.45. 614,039 shares of the company traded hands. Western Refining has a 52-week low of $18.14 and a 52-week high of $40.09. The company has a market capitalization of $3.74 billion, a P/E ratio of 27.78 and a beta of 1.26. The firm’s 50 day moving average price is $34.93 and its 200-day moving average price is $34.99.

Western Refining (NYSE:WNR) last released its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. Western Refining had a return on equity of 7.11% and a net margin of 1.92%. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities analysts predict that Western Refining will post $1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 11th. Investors of record on Wednesday, April 26th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, April 24th. Western Refining’s dividend payout ratio is currently 100.00%.

Western Refining Company Profile

Western Refining, Inc is an independent crude oil refiner and marketer of refined products. The Company operates through segments, including refining, Western Refining Logistics, LP (WNRL), retail and Other. As of December 31, 2016, the refining segment owned and operated three refineries that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt.

5 Day Chart for NYSE:WNR

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