Alon USA Energy Inc. (NYSE:ALJ) shares dropped 3.5% during 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.

ALJ has been the subject of a number of analyst reports. Credit Suisse Group AG reduced their price objective on Alon USA Energy from $15.00 to $13.00 in a research report on Tuesday, April 12th. Barclays PLC reduced their price objective on Alon USA Energy from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, April 8th. Zacks Investment Research upgraded Alon USA Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. TheStreet lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Alon USA Energy in a research report on Sunday. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.57.

The firm’s market cap is $464.53 million. The firm’s 50 day moving average is $6.92 and its 200 day moving average is $9.89.

Alon USA Energy (NYSE:ALJ) last posted 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 earned $894.97 million during the quarter, compared to analysts’ expectations of $927.91 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. On average, analysts expect that Alon USA Energy Inc. will post ($0.83) earnings per share for the current fiscal year.

In other Alon USA Energy news, VP Michael Oster sold 47,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $8.19, for a total value of $384,930.00. Following the completion of the transaction, the vice president now owns 62,300 shares of the company’s stock, valued at approximately $510,237. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeff D. Morris sold 25,000 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of ALJ. BNP Paribas Arbitrage SA boosted its position 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 valued at $1,674,000 after buying an additional 32,288 shares during the period. Deere & Co. raised 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 in the last quarter. California Public Employees Retirement System raised 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 in the last quarter. Evanston Investments Inc. dba Evanston Advisors raised 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 in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised 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 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.

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.