Alon USA Energy Inc. (NYSE:ALJ)’s share price was down 1.3% during trading on Friday . The company traded as low as $6.56 and last traded at $6.74, with a volume of 425,724 shares. The stock had previously closed at $6.83.

ALJ has been the subject of a number of analyst reports. TheStreet lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Simmons cut their price target on Alon USA Energy from $8.00 to $7.00 in a research note on Tuesday, April 12th. Credit Suisse Group AG cut their price target on Alon USA Energy from $15.00 to $13.00 in a research note on Tuesday, April 12th. Wells Fargo & Co. reiterated 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 equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Alon USA Energy presently has a consensus rating of “Hold” and a consensus target price of $11.57.

The stock’s market capitalization is $469.44 million. The firm’s 50-day moving average price is $6.75 and its 200 day moving average price is $9.59.

Alon USA Energy (NYSE:ALJ) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates 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. Alon USA Energy’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. Equities research analysts forecast that Alon USA Energy Inc. will post ($0.90) EPS for the current year.

In related news, insider Jeff D. Morris sold 25,000 shares of the business’s stock in a transaction on 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 in the company, valued at $12,889,281.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Oster sold 47,000 shares of the business’s stock in a transaction on 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 owns 62,300 shares of the company’s stock, valued at $510,237. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the stock. BNP Paribas Arbitrage SA increased 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 worth $1,674,000 after buying an additional 32,288 shares in the last quarter. Deere & Co. increased its position 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. California Public Employees Retirement System increased its position 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. Cornerstone Capital Management Holdings LLC. increased its position 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 worth $2,276,000 after buying an additional 1,058 shares in the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Alon USA Energy during the fourth quarter worth about $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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