Western Refining, Inc. (WNR) Files Form 4 Insider Buying : Robert J Hassler Buys 20,000 Shares

Western Refining, Inc. (WNR): Robert J Hassler , director of Western Refining, Inc. purchased 20,000 shares on May 6, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $22.10 per share for a total value of $442,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Jeff A Stevens (CEO) purchased 150,000 shares at $21.89 per share price.On Aug 11, 2015, Lowry Barfield (Sr. VP Legal Gen Counsel & Sec) sold 5,000 shares at $47.85 per share price.Also, On Jul 15, 2015, Mark J Smith (President-Refining & Marketing) sold 5,000 shares at $48.00 per share price.On May 19, 2015, William R Jewell (Chief Accounting Officer) sold 1,517 shares at $45.38 per share price.

Shares of Western Refining (WNR) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.36% at $21.93 with 38,90,029 shares getting traded. Post opening the session at $21.84, the shares hit an intraday low of $21.7 and an intraday high of $22.7 and the price vacillated in this range throughout the day. The company has a market cap of $2,002 M and the number of outstanding shares has been calculated to be 9,12,76,677 shares. The 52-week high of Western Refining is $50.71 and the 52-week low is $21.7.

Western Refining Money Flow Index Chart

Company has been under the radar of several Street Analysts.Western Refining is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 36 from a previous price target of $39 . The Rating was issued on Apr 8, 2016.Western Refining is Reiterated by Cowen to Outperform while Lowering the Price Target of the company shares to $ 40 from a previous price target of $60 . The Rating was issued on Feb 25, 2016.

Western Refining Inc. (Western) is an independent crude oil refiner and marketer of refined products. The Company operates through four business segments: refining Northern Tier Energy LP (NTI) Western Refining Logistics LP (WNRL) and retail. The Company’s refining segment owns and operates two refineries in the Southwest that process crude oil and other feedstocks primarily into gasoline diesel fuel jet fuel and asphalt. The NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores primarily in the Upper Great Plains region of the United States. The WNRL segment owns and operates terminal storage transportation and provides related services primarily to its refining segment in the Southwest. The retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. The retail convenience stores sell gasoline diesel fuel and convenience store merchandise.

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