Insider Selling: Alon USA Energy Insider Sells 20,000 Shares of Stock (ALJ)
Alon USA Energy (NYSE:ALJ) Insider Kyle C. Mckeen sold 20,000 shares of Alon USA Energy stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $16.43, for a total value of $328,600.00. Following the completion of the transaction, the insider now directly owns 88,312 shares in the company, valued at approximately $1,450,966. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Alon USA Energy (NYSE:ALJ) traded up 1.84% on Thursday, hitting $16.60. 459,057 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 $17.58. The stock has a 50-day moving average of $14.05 and a 200-day moving average of $14.51. The company’s market cap is $1.139 billion.
Alon USA Energy (NYSE:ALJ) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.04. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Alon USA Energy will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 22nd. Investors of record on Monday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Alon USA Energy’s previous quarterly dividend of $0.06.
A number of analysts have recently weighed in on ALJ shares. Analysts at Zacks upgraded shares of Alon USA Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. They now have a $15.90 price target on the stock. Separately, analysts at Simmons upgraded shares of Alon USA Energy from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.11.
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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