Shares of Alon USA Energy Inc. (NYSE:ALJ) dropped 1.3% on Monday . The stock traded as low as $7.35 and last traded at $7.47, with a volume of 467,872 shares trading hands. The stock had previously closed at $7.57.

ALJ has been the topic of several analyst reports. TheStreet cut shares of Alon USA Energy from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Wells Fargo & Co. reiterated a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Zacks Investment Research upgraded shares of Alon USA Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Credit Suisse Group AG reiterated a “hold” rating and issued a $9.00 price target on shares of Alon USA Energy in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.50.

The firm’s market cap is $528.09 million. The stock has a 50-day moving average price of $6.75 and a 200 day moving average price of $8.86.

Alon USA Energy (NYSE:ALJ) last issued its earnings results on Thursday, July 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $883.85 million. During the same period in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was down 22.5% on a year-over-year basis. Equities research analysts predict that Alon USA Energy Inc. will post ($1.12) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date is Wednesday, August 17th.

In related news, VP Michael Oster sold 47,000 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Wiessman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $7.03, for a total value of $527,250.00. Following the transaction, the insider now directly owns 2,885,541 shares in the company, valued at $20,285,353.23. The disclosure for this sale can be found here.

Other institutional investors recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised 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 valued at $2,276,000 after buying an additional 1,058 shares during the period. Systematic Financial Management LP raised its position in 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. Matarin Capital Management LLC bought a new position in Alon USA Energy during the fourth quarter valued at approximately $2,540,000. Finally, BNP Paribas Arbitrage SA raised 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 valued at $1,674,000 after buying an additional 32,288 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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