Western Refining Inc. (NYSE:WNR) announced a dividend on Thursday, October 13th. Stockholders of record on Monday, October 24th will be paid a dividend of 0.38 per share on Tuesday, November 8th. The ex-dividend date is Thursday, October 20th.

Shares of Western Refining (NYSE:WNR) opened at 27.25 on Friday. The company has a market cap of $2.95 billion, a P/E ratio of 9.68 and a beta of 1.63. The stock’s 50 day moving average is $26.66 and its 200-day moving average is $23.98. Western Refining has a 12 month low of $18.14 and a 12 month high of $47.55.

Western Refining (NYSE:WNR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.21. Western Refining had a net margin of 3.20% and a return on equity of 10.65%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was down 25.5% on a year-over-year basis. On average, equities analysts forecast that Western Refining will post $1.30 EPS for the current year.

Dividend History for Western Refining (NYSE:WNR)

In other Western Refining news, Chairman Paul L. Foster bought 325,000 shares of Western Refining stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $23.59 per share, with a total value of $7,666,750.00. Following the completion of the acquisition, the chairman now directly owns 3,109,466 shares in the company, valued at approximately $73,352,302.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff A. Stevens bought 100,000 shares of Western Refining stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average cost of $23.25 per share, with a total value of $2,325,000.00. Following the acquisition, the chief executive officer now owns 3,474,156 shares of the company’s stock, valued at $80,774,127. The disclosure for this purchase can be found here. 26.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Western Refining during the second quarter valued at about $125,000. Advantus Capital Management Inc boosted its position in shares of Western Refining by 6.9% in the second quarter. Advantus Capital Management Inc now owns 9,718 shares of the company’s stock valued at $200,000 after buying an additional 630 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in shares of Western Refining during the second quarter valued at about $234,000. Fort L.P. acquired a new position in shares of Western Refining during the second quarter valued at about $273,000. Finally, American National Registered Investment Advisor Inc. acquired a new position in shares of Western Refining during the second quarter valued at about $279,000. 65.14% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on WNR. Cowen and Company increased their price objective on shares of Western Refining from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, September 19th. Credit Suisse Group AG increased their price objective on shares of Western Refining from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, September 19th. Piper Jaffray Cos. increased their price objective on shares of Western Refining from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, September 16th. Barclays PLC cut shares of Western Refining from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $29.00 to $30.00 in a research report on Monday. Finally, JPMorgan Chase & Co. raised shares of Western Refining from an “underweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $28.00 in a research report on Thursday, September 15th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Western Refining has a consensus rating of “Hold” and a consensus target price of $30.20.

Western Refining Company Profile

Western Refining, Inc (Western) is a crude oil refiner and marketer of refined products. The Company operates through four segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. Its refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt.

5 Day Chart for NYSE:WNR

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