Alon USA Energy Inc. (NYSE:ALJ)’s share price shot up 3.5% during mid-day trading on Tuesday . The stock traded as high as $6.90 and last traded at $6.88, with a volume of 503,176 shares changing hands. The stock had previously closed at $6.65.

Several brokerages recently issued reports on ALJ. Zacks Investment Research downgraded shares of Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Barclays PLC reduced their price objective on shares of Alon USA Energy from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, April 8th. Cowen and Company dropped their price target 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. JPMorgan Chase & Co. dropped their price target 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, July 10th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.17.

The company’s market capitalization is $493.30 million. The company has a 50-day moving average of $6.69 and a 200 day moving average of $9.40.

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

In related news, VP Michael Oster sold 47,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 62,300 shares of the company’s stock, valued at approximately $510,237. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeff D. Morris sold 25,000 shares of the 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 sale, the insider now directly owns 1,486,653 shares of the company’s stock, valued at $12,889,281.51. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake 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 during the last quarter. Deere & Co. boosted 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 worth $1,721,000 after buying an additional 7,896 shares during the last quarter. California Public Employees Retirement System boosted 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 worth $2,057,000 after buying an additional 23,900 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted 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 worth $2,276,000 after buying an additional 1,058 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new stake 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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