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Alon USA Energy (NYSE:ALJ) major shareholder Israel Oil Company Ltd. Alon unloaded 262,456 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $15.53, for a total transaction of $4,075,941.68. Following the completion of the transaction, the insider now directly owns 38,432,030 shares of the company’s stock, valued at approximately $596,849,426. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Alon USA Energy from $13.00 to $16.00 in a research note to investors on Monday, December 16th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Alon USA Energy from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $18.00 price target on the stock, up previously from $15.00. Finally, analysts at Macquarie upgraded shares of Alon USA Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $16.00 price target on the stock, up previously from $8.00. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Alon USA Energy presently has a consensus rating of “Hold” and a consensus price target of $14.57.

Alon USA Energy (NYSE:ALJ) traded up 0.71% on Thursday, hitting $15.60. 237,015 shares of the company’s stock traded hands. Alon USA Energy has a one year low of $8.55 and a one year high of $21.24. The stock’s 50-day moving average is $15.77 and its 200-day moving average is $12.92. The company has a market cap of $978.4 million and a price-to-earnings ratio of 18.51.

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.

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