Alon USA Energy Inc. (ALJ) Stock Price Up 2.6%
Alon USA Energy Inc. (NYSE:ALJ)’s share price rose 2.6% during trading on Friday . The stock traded as high as $7.50 and last traded at $7.39, with a volume of 873,125 shares changing hands. The stock had previously closed at $7.20.
ALJ has been the subject of several analyst reports. Zacks Investment Research lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Cowen and Company dropped their target price on Alon USA Energy from $14.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, May 5th. TheStreet lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. JPMorgan Chase & Co. dropped their target price on Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, June 10th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Alon USA Energy currently has an average rating of “Hold” and a consensus price target of $8.86.
The stock’s market capitalization is $534.48 million. The company has a 50 day moving average of $7.01 and a 200 day moving average of $8.63.
Alon USA Energy (NYSE:ALJ) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.21) earnings per share 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 firm earned $1.01 billion during the quarter, compared to analyst estimates of $883.85 million. The firm’s quarterly revenue was down 22.5% on a year-over-year basis. Equities research analysts anticipate that Alon USA Energy Inc. will post ($1.11) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend is Wednesday, August 17th.
In other news, VP Michael Oster sold 18,500 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 47,553 shares of the company’s stock, valued at approximately $348,563.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Wiessman sold 175,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $6.90, for a total value of $1,207,500.00. Following the sale, the insider now directly owns 2,910,541 shares of the company’s stock, valued at $20,082,732.90. The disclosure for this sale can be found here.
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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