622,086 Shares in Alon USA Energy Inc. (ALJ) Acquired by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. purchased a new stake in shares of Alon USA Energy Inc. (NYSE:ALJ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 622,086 shares of the company’s stock, valued at approximately $4,031,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Lucus Advisors LLC raised its stake in Alon USA Energy by 2.9% in the second quarter. Lucus Advisors LLC now owns 53,237 shares of the company’s stock worth $345,000 after buying an additional 1,481 shares during the last quarter. Menta Capital LLC raised its stake in Alon USA Energy by 2.4% in the first quarter. Menta Capital LLC now owns 222,121 shares of the company’s stock worth $2,292,000 after buying an additional 5,187 shares during the last quarter. Royal Bank of Canada raised its stake in Alon USA Energy by 16.2% in the first quarter. Royal Bank of Canada now owns 47,943 shares of the company’s stock worth $494,000 after buying an additional 6,677 shares during the last quarter. Mount Lucas Management LP raised its stake in Alon USA Energy by 11.9% in the first quarter. Mount Lucas Management LP now owns 69,447 shares of the company’s stock worth $717,000 after buying an additional 7,409 shares during the last quarter. Finally, Hancock Holding Co. raised its stake in Alon USA Energy by 1.7% in the first quarter. Hancock Holding Co. now owns 599,465 shares of the company’s stock worth $6,186,000 after buying an additional 9,760 shares during the last quarter. Institutional investors own 50.46% of the company’s stock.
Shares of Alon USA Energy Inc. (NYSE:ALJ) traded down 1.40% during midday trading on Thursday, reaching $8.44. The company had a trading volume of 832,445 shares. The company’s market capitalization is $599.07 million. The company’s 50 day moving average price is $8.04 and its 200-day moving average price is $8.17. Alon USA Energy Inc. has a 52 week low of $5.86 and a 52 week high of $19.55.
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. Alon USA Energy had a negative net margin of 1.75% and a negative return on equity of 2.29%. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $883.85 million. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, equities research analysts predict that Alon USA Energy Inc. will post ($1.08) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend was Wednesday, August 17th. Alon USA Energy’s dividend payout ratio (DPR) is presently -61.86%.
A number of research firms have weighed in on ALJ. Barclays PLC upgraded Alon USA Energy from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $10.00 to $8.00 in a research note on Wednesday, July 13th. Zacks Investment Research lowered Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. reduced their target price on 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. Credit Suisse Group AG reiterated a “hold” rating and issued a $9.00 target price on shares of Alon USA Energy in a research note on Friday, July 29th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Alon USA Energy has a consensus rating of “Hold” and a consensus target price of $9.19.
In other Alon USA Energy news, VP Michael Oster sold 18,500 shares of the 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 sale, the vice president now owns 47,553 shares in the company, valued at approximately $348,563.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Wiessman sold 175,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $6.90, for a total value of $1,207,500.00. Following the sale, the insider now owns 2,910,541 shares in the company, valued at approximately $20,082,732.90. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.
Alon USA Energy Company Profile
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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