The Western Refining Inc. (WNR) To Go Ex-Dividend on October 20th

The Western Refining Inc. (WNR) To Go Ex-Dividend on October 20th

Western Refining Inc. (NYSE:WNR) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Monday, October 24th will be given a dividend of 0.38 per share on Tuesday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Thursday, October 20th.

Shares of Western Refining (NYSE:WNR) opened at 27.28 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of 9.69 and a beta of 1.63. Western Refining has a 12-month low of $18.14 and a 12-month high of $47.55. The stock has a 50 day moving average price of $26.78 and a 200 day moving average price of $23.97.

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

Several equities analysts recently issued reports on WNR shares. Tudor Pickering raised shares of Western Refining from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Western Refining from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 5th. Wells Fargo & Co. reissued a “hold” rating on shares of Western Refining in a research note on Saturday, July 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $22.00 price objective on shares of Western Refining in a research note on Thursday, July 14th. Finally, Morgan Stanley set a $21.00 price objective on shares of Western Refining and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.20.

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

Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake 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. BlackRock Fund Advisors raised its stake in Western Refining by 11.4% in the second quarter. BlackRock Fund Advisors now owns 3,863,714 shares of the company’s stock worth $79,708,000 after buying an additional 396,751 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Western Refining by 18.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,505,222 shares of the company’s stock worth $51,683,000 after buying an additional 385,113 shares during the last quarter. AQR Capital Management LLC raised its stake in Western Refining by 13.6% in the second quarter. AQR Capital Management LLC now owns 1,727,421 shares of the company’s stock worth $35,637,000 after buying an additional 206,380 shares during the last quarter. Finally, FMR LLC raised its stake in Western Refining by 15.8% in the second quarter. FMR LLC now owns 1,012,012 shares of the company’s stock worth $20,878,000 after buying an additional 137,808 shares during the last quarter. 65.14% of the stock is owned by institutional investors and hedge funds.

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