Alon USA Energy Inc. (NYSE:ALJ) shares fell 1.3% during mid-day trading on Friday . The stock 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.

Several research firms have recently issued reports on ALJ. Cowen and Company reduced their price target on Alon USA Energy from $14.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, May 5th. Simmons reduced their price target on Alon USA Energy from $8.00 to $7.00 in a research report on Tuesday, April 12th. Zacks Investment Research lowered 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 target on Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, June 10th. Finally, Barclays PLC upgraded Alon USA Energy from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $10.00 to $8.00 in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Alon USA Energy has an average rating of “Hold” and a consensus price target of $11.57.

The stock’s market cap is $469.44 million. The stock’s 50 day moving average is $6.72 and its 200-day moving average is $9.53.

Alon USA Energy (NYSE:ALJ) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.07. The firm had revenue of $894.97 million for the quarter, compared to the consensus estimate of $927.91 million. During the same period in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was down 18.9% on a year-over-year basis. On average, analysts forecast that Alon USA Energy Inc. will post ($0.92) earnings per share for the current fiscal year.

In other news, insider Jeff D. Morris sold 25,000 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Oster sold 47,000 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was 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.

Several hedge funds and institutional investors recently made changes to their positions in the company. Systematic Financial Management LP increased its position in shares of Alon USA Energy by 281.1% in the fourth quarter. Systematic Financial Management LP now owns 457,097 shares of the company’s stock valued at $6,783,000 after buying an additional 337,157 shares during the period. GSA Capital Partners LLP increased its position in shares of Alon USA Energy by 39.2% in the fourth quarter. GSA Capital Partners LLP now owns 181,071 shares of the company’s stock valued at $2,687,000 after buying an additional 51,012 shares during the period. Matarin Capital Management LLC bought a new position in shares of Alon USA Energy during the fourth quarter valued at about $2,540,000. 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 during the period. Finally, 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 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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