Alon USA Energy Inc. (NYSE:ALJ)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.86 and last traded at $6.03, with a volume of 842,762 shares changing hands. The stock had previously closed at $6.37.

ALJ has been the topic of a number of recent analyst reports. Cowen and Company cut their target price on Alon USA Energy from $14.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, May 5th. Zacks Investment Research raised Alon USA Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. JPMorgan Chase & Co. cut their target price on Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, June 10th. Finally, Simmons cut their target price on Alon USA Energy from $8.00 to $7.00 in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.00.

The stock’s market capitalization is $425.94 million. The firm’s 50 day moving average price is $7.06 and its 200 day moving average price is $10.14.

Alon USA Energy (NYSE:ALJ) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.07. During the same period last year, the company earned $0.30 earnings per share. The company earned $894.97 million during the quarter, compared to analysts’ expectations of $927.91 million. Alon USA Energy’s quarterly revenue was down 18.9% on a year-over-year basis. Analysts predict that Alon USA Energy Inc. will post ($0.61) earnings per share for the current fiscal year.

In related news, VP Michael Oster sold 47,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $8.19, for a total transaction of $384,930.00. Following the completion of the sale, the vice president now directly owns 62,300 shares of the company’s stock, valued at approximately $510,237. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff D. Morris sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $8.67, for a total value of $216,750.00. Following the sale, the insider now directly owns 1,486,653 shares of the company’s stock, valued at $12,889,281.51. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Alon USA Energy by 40.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 112,816 shares of the company’s stock worth $1,674,000 after buying an additional 32,288 shares in the last quarter. Deere & Co. boosted its stake in Alon USA Energy by 7.3% in the fourth quarter. Deere & Co. now owns 115,960 shares of the company’s stock worth $1,721,000 after buying an additional 7,896 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in Alon USA Energy by 3.1% in the fourth quarter. Chicago Equity Partners LLC now owns 119,800 shares of the company’s stock worth $1,778,000 after buying an additional 3,650 shares in the last quarter. California Public Employees Retirement System boosted its stake in Alon USA Energy by 20.8% in the fourth quarter. California Public Employees Retirement System now owns 138,600 shares of the company’s stock worth $2,057,000 after buying an additional 23,900 shares in the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors boosted its stake in Alon USA Energy by 8.4% in the fourth quarter. Evanston Investments Inc. dba Evanston Advisors now owns 141,939 shares of the company’s stock worth $2,106,000 after buying an additional 11,019 shares in the last quarter.

Alon USA Energy, Inc is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company operates through three segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products.

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