Alon USA Partners, LP (NYSE:ALDW) VP Shai Even sold 2,937 shares of Alon USA Partners, stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $11.50, for a total value of $33,775.50. Following the sale, the vice president now directly owns 4,263 shares in the company, valued at $49,024.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shai Even also recently made the following trade(s):

  • On Thursday, August 31st, Shai Even sold 7,200 shares of Alon USA Partners, stock. The stock was sold at an average price of $11.61, for a total value of $83,592.00.

Shares of Alon USA Partners, LP (ALDW) traded up 3.13% during mid-day trading on Friday, hitting $12.19. The stock had a trading volume of 221,061 shares. Alon USA Partners, LP has a one year low of $7.63 and a one year high of $12.72. The firm’s 50 day moving average price is $11.15 and its 200-day moving average price is $10.35. The company has a market cap of $762.23 million, a PE ratio of 17.03 and a beta of 1.06.

Alon USA Partners, (NYSE:ALDW) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. The company had revenue of $521.75 million for the quarter, compared to analyst estimates of $436.80 million. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. During the same period in the prior year, the company posted $0.02 EPS. On average, equities research analysts anticipate that Alon USA Partners, LP will post $1.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date was Tuesday, August 15th. Alon USA Partners,’s dividend payout ratio is currently 197.19%.

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A number of brokerages have recently issued reports on ALDW. BidaskClub raised Alon USA Partners, from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 target price on shares of Alon USA Partners, in a research report on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $12.00 target price on shares of Alon USA Partners, in a research report on Wednesday, July 5th. TheStreet raised Alon USA Partners, from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Finally, Tudor Pickering reaffirmed a “hold” rating on shares of Alon USA Partners, in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $11.70.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Alon USA Partners, by 239.3% in the first quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock worth $10,226,000 after buying an additional 787,330 shares in the last quarter. FMR LLC raised its position in shares of Alon USA Partners, by 13.6% in the first quarter. FMR LLC now owns 501,471 shares of the oil and gas company’s stock worth $4,593,000 after buying an additional 59,900 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Alon USA Partners, by 41.2% in the second quarter. HITE Hedge Asset Management LLC now owns 388,875 shares of the oil and gas company’s stock worth $4,075,000 after buying an additional 113,470 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Alon USA Partners, by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 271,529 shares of the oil and gas company’s stock worth $2,487,000 after buying an additional 1,528 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Alon USA Partners, during the second quarter worth approximately $544,000. 5.26% of the stock is owned by institutional investors and hedge funds.

About Alon USA Partners,

Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a crude oil throughput capacity of 73,000 barrels per day, which the Company referred to as its Big Spring refinery, as of December 31, 2016. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors.

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