Alon USA Energy Inc. (ALJ) Trading Up 2.6%
Shares of Alon USA Energy Inc. (NYSE:ALJ) were up 2.6% during mid-day trading on Friday . The stock traded as high as $7.50 and last traded at $7.39, with a volume of 873,125 shares trading hands. The stock had previously closed at $7.20.
Several analysts have issued reports on ALJ shares. Zacks Investment Research upgraded Alon USA Energy from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Wells Fargo & Co. restated a “hold” rating on shares of Alon USA Energy in a report on Sunday, July 10th. Piper Jaffray Cos. upped their target price on Alon USA Energy from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Monday. TheStreet cut Alon USA Energy from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $9.00 target price on shares of Alon USA Energy in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Alon USA Energy presently has a consensus rating of “Hold” and an average target price of $8.86.
The firm’s market capitalization is $534.48 million. The firm has a 50-day moving average price of $6.97 and a 200-day moving average price of $8.65.
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 consensus estimate of ($0.19) by $0.02. During the same period in the previous year, the company posted $0.67 earnings per share. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $883.85 million. The business’s revenue was down 22.5% compared to the same quarter last year. On average, equities analysts predict that Alon USA Energy Inc. will post ($1.12) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 19th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.60 annualized dividend and a yield of 7.97%.
In related news, Director David Wiessman sold 35,000 shares of Alon USA Energy stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $7.27, for a total transaction of $254,450.00. Following the completion of the transaction, the director now directly owns 2,650,541 shares of the company’s stock, valued at $19,269,433.07. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael Oster sold 18,500 shares of Alon USA Energy stock in a transaction on Friday, August 5th. The stock was sold at an average price of $7.33, for a total value of $135,605.00. Following the transaction, the vice president now directly owns 47,553 shares of the company’s stock, valued at $348,563.49. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Alon USA Energy stock. Matarin Capital Management LLC acquired a new stake in Alon USA Energy Inc. (NYSE:ALJ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 171,159 shares of the company’s stock, valued at approximately $2,540,000. Matarin Capital Management LLC owned about 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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