Alon USA Energy Inc. (NYSE:ALJ) traded up 5.6% during trading on Tuesday . The stock traded as high as $6.66 and last traded at $6.55, with a volume of 868,117 shares traded. The stock had previously closed at $6.20.

Several equities research analysts have recently commented on the stock. Cowen and Company decreased their target price on shares of Alon USA Energy from $14.00 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, May 5th. Simmons reduced their price objective on shares of Alon USA Energy from $8.00 to $7.00 in a research report on Tuesday, April 12th. Zacks Investment Research downgraded shares of Alon USA Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, June 10th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Alon USA Energy in a research report on Sunday. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.00.

The company’s market capitalization is $459.62 million. The firm’s 50-day moving average price is $6.95 and its 200-day moving average price is $9.92.

Alon USA Energy (NYSE:ALJ) last posted its earnings results on Wednesday, May 4th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.07. The firm had revenue of $894.97 million for the quarter, compared to analysts’ expectations of $927.91 million. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, analysts anticipate that Alon USA Energy Inc. will post ($0.83) earnings per share for the current fiscal year.

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

Other hedge funds and institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Alon USA Energy by 40.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 112,816 shares of the company’s stock valued at $1,674,000 after buying an additional 32,288 shares during the period. Deere & Co. boosted its position in shares of 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 period. Chicago Equity Partners LLC boosted its position in shares of 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 period. California Public Employees Retirement System boosted its position in shares of 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 period. Finally, Evanston Investments Inc. dba Evanston Advisors boosted its position in shares of 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 period.

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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