Today: Today, Western Refining’s (WNR) Buy Rating Reiterate at Credit Suisse Group AG

Today, Western Refining’s (WNR) Buy Rating Reiterate at Credit Suisse Group AG

Western Refining Inc. (NYSE:WNR)‘s stock had its “buy” rating restated by analysts at Credit Suisse Group AG in a report released on Tuesday. They currently have a $31.00 price target on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 16.76% from the company’s current price.

Several other analysts have also issued reports on the company. Morgan Stanley restated a “hold” rating and issued a $21.00 target price on shares of Western Refining in a research note on Thursday, September 1st. Citigroup Inc. upgraded Western Refining from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $34.00 in a research note on Wednesday, October 19th. Piper Jaffray Cos. boosted their target price on Western Refining from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 22nd. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $22.00 target price on shares of Western Refining in a research note on Thursday, July 14th. Finally, Cowen and Company boosted their target price on Western Refining from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, September 19th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Western Refining presently has an average rating of “Hold” and a consensus target price of $30.44.

Western Refining (NYSE:WNR) traded up 0.40% during mid-day trading on Tuesday, reaching $37.24. The company had a trading volume of 1,104,331 shares. The stock has a market capitalization of $4.04 billion, a P/E ratio of 24.40 and a beta of 1.36. Western Refining has a 12-month low of $18.14 and a 12-month high of $46.65. The stock has a 50 day moving average price of $29.77 and a 200-day moving average price of $24.62.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Monday, October 24th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, October 20th. Western Refining’s payout ratio is 100.00%.

Several institutional investors have recently bought and sold shares of WNR. Vanguard Group Inc. boosted its position in Western Refining by 5.8% in the second quarter. Vanguard Group Inc. now owns 8,214,844 shares of the company’s stock worth $169,472,000 after buying an additional 447,699 shares during the last quarter. BlackRock Fund Advisors boosted its position in Western Refining by 13.2% in the third quarter. BlackRock Fund Advisors now owns 4,374,801 shares of the company’s stock worth $115,757,000 after buying an additional 511,087 shares during the last quarter. State Street Corp boosted its position in Western Refining by 27.5% in the second quarter. State Street Corp now owns 4,338,337 shares of the company’s stock worth $89,500,000 after buying an additional 936,599 shares during the last quarter. Prudential Financial Inc. boosted its position in Western Refining by 46.9% in the second quarter. Prudential Financial Inc. now owns 3,791,097 shares of the company’s stock worth $78,210,000 after buying an additional 1,210,995 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Western Refining by 32.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,324,778 shares of the company’s stock worth $87,974,000 after buying an additional 819,556 shares during the last quarter. Hedge funds and other institutional investors own 63.70% of the company’s stock.

Western Refining Company Profile

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