Alon USA Partners, LP (NYSE:ALDW) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts have also issued reports on the company. Macquarie upgraded Alon USA Partners, from a “neutral” rating to an “outperform” rating in a research note on Monday, October 23rd. ValuEngine upgraded Alon USA Partners, from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Citigroup Inc restated a “buy” rating and set a $13.00 price target on shares of Alon USA Partners, in a research note on Wednesday, August 2nd. TheStreet upgraded Alon USA Partners, from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Finally, Tudor Pickering restated a “hold” rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Alon USA Partners, has a consensus rating of “Buy” and an average price target of $12.25.

Shares of Alon USA Partners, (NYSE ALDW) traded up $0.40 during trading hours on Friday, hitting $13.16. The stock had a trading volume of 110,182 shares, compared to its average volume of 96,228. Alon USA Partners, has a twelve month low of $7.70 and a twelve month high of $13.40. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.80 and a current ratio of 0.90. The stock has a market capitalization of $822.89 million, a P/E ratio of 18.70 and a beta of 1.04.

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In other news, VP Shai Even sold 2,937 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $11.50, for a total transaction of $33,775.50. Following the sale, the vice president now 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 available through this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its position in 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 valued at $10,226,000 after buying an additional 787,330 shares during the last quarter. FMR LLC boosted its position in 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 valued at $4,593,000 after buying an additional 59,900 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in 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 valued at $4,075,000 after buying an additional 113,470 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 valued at $2,487,000 after buying an additional 1,528 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Alon USA Partners, in the second quarter valued at approximately $544,000. Hedge funds and other institutional investors own 5.35% of the company’s stock.

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.

Analyst Recommendations for Alon USA Partners, (NYSE:ALDW)

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