Shares of Alon USA Energy Inc. (NYSE:ALJ) rose 5.7% on Monday . The company traded as high as $6.92 and last traded at $6.90, with a volume of 678,531 shares traded. The stock had previously closed at $6.53.

ALJ has been the subject of a number of recent analyst reports. Simmons decreased their price target on shares of Alon USA Energy from $8.00 to $7.00 in a research report on Tuesday, April 12th. Credit Suisse Group AG reduced their price objective on Alon USA Energy from $15.00 to $13.00 in a research note on Tuesday, April 12th. Barclays PLC upgraded Alon USA Energy from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Wednesday, July 13th. Wells Fargo & Co. restated a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Finally, Zacks Investment Research upgraded Alon USA Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Two 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 an average price target of $11.57.

The stock’s 50 day moving average price is $6.81 and its 200-day moving average price is $9.63. The company’s market cap is $479.97 million.

Alon USA Energy (NYSE:ALJ) last posted its earnings results on Wednesday, May 4th. The company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.07. The company earned $894.97 million during the quarter, compared to analysts’ expectations of $927.91 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue was down 18.9% on a year-over-year basis. On average, equities analysts anticipate that Alon USA Energy Inc. will post ($0.87) EPS for the current fiscal year.

In other Alon USA Energy news, VP Michael Oster sold 47,000 shares of Alon USA Energy 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 transaction, the vice president now directly owns 62,300 shares of the company’s stock, valued at approximately $510,237. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeff D. Morris sold 25,000 shares of Alon USA Energy stock in a transaction that occurred on Tuesday, May 10th. The stock was 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 in the company, valued at $12,889,281.51. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of the company. BNP Paribas Arbitrage SA increased 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 in the last quarter. Deere & Co. increased 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 in the last quarter. California Public Employees Retirement System increased 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 in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of 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. Finally, Matarin Capital Management LLC acquired a new position in shares of Alon USA Energy during the fourth quarter valued at approximately $2,540,000.

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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