Alon USA Energy Inc. (NYSE:ALJ)’s share price dropped 2.8% during trading on Monday . The company traded as low as $7.19 and last traded at $7.24, with a volume of 1,025,892 shares trading hands. The stock had previously closed at $7.45.

ALJ has been the topic of a number of recent analyst reports. Barclays PLC raised shares of Alon USA Energy from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $10.00 to $8.00 in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of Alon USA Energy from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group AG reissued a “hold” rating and issued a $9.00 price target on shares of Alon USA Energy in a research report on Friday, July 29th. Wells Fargo & Co. reissued a “hold” rating on shares of Alon USA Energy in a research report on Sunday, July 10th. Finally, Cowen and Company dropped their target price on shares of 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. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.86.

The firm’s market cap is $514.60 million. The firm has a 50 day moving average price of $6.90 and a 200-day moving average price of $8.70.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Wednesday, August 17th.

In other Alon USA Energy news, VP Michael Oster sold 18,500 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $7.33, for a total transaction of $135,605.00. Following the completion of the transaction, the vice president now owns 47,553 shares of the company’s stock, valued at approximately $348,563.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Wiessman sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $7.36, for a total value of $552,000.00. Following the transaction, the insider now directly owns 2,735,541 shares of the company’s stock, valued at approximately $20,133,581.76. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Alon USA Energy stock. Matarin Capital Management LLC purchased a new position in Alon USA Energy Inc. (NYSE:ALJ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 171,159 shares of the company’s stock, valued at approximately $2,540,000. Matarin Capital Management LLC owned approximately 0.24% of Alon USA Energy as of its most recent SEC filing.

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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