Alon USA Energy Inc. (NYSE:ALJ) Given Average Recommendation of “Hold” by Analysts
Shares of Alon USA Energy Inc. (NYSE:ALJ) have been given an average rating of “Hold” by the ten research firms that are currently covering the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.21.
A number of equities research analysts recently commented on ALJ shares. Zacks Investment Research cut shares of Alon USA Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Piper Jaffray Cos. lifted their price target on shares of Alon USA Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Friday. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $9.00 price target on shares of Alon USA Energy in a report on Friday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Alon USA Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday, June 10th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Alon USA Energy in a report on Sunday, July 10th.
Alon USA Energy (NYSE:ALJ) traded down 1.50% during midday trading on Tuesday, reaching $8.51. The company’s stock had a trading volume of 424,218 shares. Alon USA Energy has a 12 month low of $5.86 and a 12 month high of $19.84. The company’s market cap is $604.04 million. The stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $8.38.
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Alon USA Energy (NYSE:ALJ) last posted its earnings results on Thursday, July 28th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. Alon USA Energy had a negative return on equity of 2.29% and a negative net margin of 1.75%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $883.85 million. During the same period in the prior year, the business earned $0.67 EPS. Alon USA Energy’s quarterly revenue was down 22.5% compared to the same quarter last year. Analysts expect that Alon USA Energy will post ($1.10) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 6.94%. Alon USA Energy’s dividend payout ratio is -61.86%.
In other news, insider David Wiessman sold 75,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $7.03, for a total transaction of $527,250.00. Following the completion of the transaction, the insider now directly owns 2,885,541 shares in the company, valued at approximately $20,285,353.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Oster sold 18,500 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $7.33, for a total transaction of $135,605.00. Following the transaction, the vice president now owns 47,553 shares of the company’s stock, valued at $348,563.49. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. raised its position in Alon USA Energy by 317.2% in the second quarter. Nomura Holdings Inc. now owns 106,109 shares of the company’s stock worth $687,000 after buying an additional 80,676 shares during the period. Public Employees Retirement System of Ohio raised its position in Alon USA Energy by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 35,582 shares of the company’s stock worth $231,000 after buying an additional 2,721 shares during the period. Point72 Asset Management L.P. raised its position in Alon USA Energy by 67.2% in the second quarter. Point72 Asset Management L.P. now owns 1,876,200 shares of the company’s stock worth $12,158,000 after buying an additional 753,800 shares during the period. EverPoint Asset Management LLC purchased a new position in Alon USA Energy during the second quarter worth approximately $1,620,000. Finally, A.R.T. Advisors LLC purchased a new position in Alon USA Energy during the second quarter worth approximately $2,289,000. Hedge funds and other institutional investors own 50.46% 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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