Alon USA Energy Inc. (NYSE:ALJ) fell 3.5% during mid-day trading on Monday . The stock traded as low as $5.93 and last traded at $6.03, with a volume of 1,537,303 shares. The stock had previously closed at $6.25.

Several research firms have issued reports on ALJ. Cowen and Company decreased their price target on shares of Alon USA Energy from $14.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, May 5th. Simmons decreased their price target on shares of Alon USA Energy from $8.00 to $7.00 in a research note on Tuesday, April 12th. Zacks Investment Research cut shares of Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. decreased their price target on shares of Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Alon USA Energy in a research note on Sunday. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

The stock has a 50 day moving average of $7.01 and a 200-day moving average of $10.07. The company’s market cap is $435.06 million.

Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.07. The business had revenue of $894.97 million for the quarter, compared to analysts’ expectations of $927.91 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities analysts anticipate that Alon USA Energy Inc. will post ($0.66) EPS for the current fiscal year.

In other Alon USA Energy news, VP Michael Oster sold 47,000 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $8.19, for a total transaction of $384,930.00. Following the sale, the vice president now owns 62,300 shares in the company, valued at approximately $510,237. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeff D. Morris sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $8.67, for a total value of $216,750.00. Following the sale, the insider now owns 1,486,653 shares in the company, valued at approximately $12,889,281.51. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. increased its stake in Alon USA Energy by 0.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 153,359 shares of the company’s stock valued at $2,276,000 after buying an additional 1,058 shares during the last quarter. Chicago Equity Partners LLC increased 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 valued at $1,778,000 after buying an additional 3,650 shares during the last quarter. Deere & Co. increased 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 valued at $1,721,000 after buying an additional 7,896 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors increased 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 valued at $2,106,000 after buying an additional 11,019 shares during the last quarter. Finally, California Public Employees Retirement System increased 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 valued at $2,057,000 after buying an additional 23,900 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.