Alon USA Partners LP (NYSE:ALDW) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.00.
A number of brokerages recently issued reports on ALDW. Citigroup downgraded shares of Alon USA Partners from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. ValuEngine downgraded shares of Alon USA Partners from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in Alon USA Partners by 25.3% during the fourth quarter. Deutsche Bank AG now owns 437,754 shares of the oil and gas company’s stock worth $7,481,000 after buying an additional 88,290 shares in the last quarter. Beryl Capital Management LLC purchased a new stake in Alon USA Partners during the fourth quarter worth $6,036,000. Renaissance Technologies LLC boosted its holdings in Alon USA Partners by 30.7% during the fourth quarter. Renaissance Technologies LLC now owns 265,123 shares of the oil and gas company’s stock worth $4,531,000 after buying an additional 62,253 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Alon USA Partners by 65.9% during the fourth quarter. Allianz Asset Management GmbH now owns 186,216 shares of the oil and gas company’s stock worth $3,182,000 after buying an additional 73,940 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Alon USA Partners by 101.1% during the third quarter. GSA Capital Partners LLP now owns 121,002 shares of the oil and gas company’s stock worth $1,398,000 after buying an additional 60,840 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.
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Alon USA Partners Company Profile
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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