Alon USA Energy Inc. (NYSE:ALJ) shares dropped 5.5% on Monday . The stock traded as low as $6.60 and last traded at $6.68, with a volume of 786,525 shares traded. The stock had previously closed at $7.07.

Several research analysts have recently commented on the company. Barclays PLC lowered their price target 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. Credit Suisse Group AG lowered their price target on Alon USA Energy from $15.00 to $13.00 in a research report on Tuesday, April 12th. Simmons lowered 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. Finally, Cowen and Company lowered their price target on 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. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.

The stock’s 50 day moving average is $6.56 and its 200 day moving average is $9.18. The company’s market cap is $468.04 million.

Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $883.85 million. Alon USA Energy’s revenue was down 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. On average, equities analysts anticipate that Alon USA Energy Inc. will post ($1.02) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.60 annualized dividend and a yield of 9.00%.

In other news, 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake 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. Matarin Capital Management LLC bought a new stake in shares of Alon USA Energy during the fourth quarter valued at about $2,540,000. Systematic Financial Management LP boosted its stake 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 in the last quarter. Deere & Co. boosted its stake 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. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake 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.

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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