Western Refining Inc. (WNR) Given “Peer Perform” Rating at Wolfe Research
Western Refining Inc. (NYSE:WNR)‘s stock had its “peer perform” rating restated by Wolfe Research in a report issued on Friday.
A number of other brokerages also recently commented on WNR. Royal Bank Of Canada lowered Western Refining from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $35.00 to $38.00 in a report on Friday. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $38.00 price target (up from $35.00) on shares of Western Refining in a report on Friday. Vetr lowered Western Refining from a “strong-buy” rating to a “buy” rating and set a $30.67 price target for the company. in a report on Wednesday, November 9th. Citigroup Inc. raised Western Refining from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $34.00 in a report on Wednesday, October 19th. Finally, Credit Suisse Group AG raised their price target on Western Refining from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, September 19th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.44.
Shares of Western Refining (NYSE:WNR) traded down 2.42% on Friday, hitting $36.64. The company had a trading volume of 2,299,767 shares. Western Refining has a 12-month low of $18.14 and a 12-month high of $46.65. The company has a market capitalization of $3.97 billion, a P/E ratio of 24.01 and a beta of 1.36. The firm has a 50-day moving average price of $28.33 and a 200 day moving average price of $24.12.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Monday, October 24th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $1.52 annualized dividend and a yield of 4.05%. Western Refining’s dividend payout ratio (DPR) is presently 100.00%.
In other Western Refining news, CEO Jeff A. Stevens purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was acquired at an average price of $23.25 per share, for a total transaction of $2,325,000.00. Following the purchase, the chief executive officer now owns 3,474,156 shares of the company’s stock, valued at approximately $80,774,127. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Americafirst Capital Management LLC purchased a new stake in shares of Western Refining during the second quarter valued at about $288,000. Nisa Investment Advisors LLC increased its stake in shares of Western Refining by 32.6% in the second quarter. Nisa Investment Advisors LLC now owns 42,700 shares of the company’s stock valued at $881,000 after buying an additional 10,500 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Western Refining by 2.0% in the second quarter. Capstone Asset Management Co. now owns 107,343 shares of the company’s stock valued at $2,214,000 after buying an additional 2,154 shares during the last quarter. Breton Hill Capital Ltd. increased its stake in shares of Western Refining by 31.4% in the second quarter. Breton Hill Capital Ltd. now owns 38,539 shares of the company’s stock valued at $795,000 after buying an additional 9,217 shares during the last quarter. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Western Refining during the second quarter valued at about $1,513,000. 66.66% of the stock is owned by institutional investors and hedge funds.
About Western Refining
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.
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