Prudential Financial Inc. increased its position in shares of Alon USA Energy Inc. (NYSE:ALJ) by 65.4% during the second quarter, Holdings Channel reports. The firm owned 794,531 shares of the company’s stock after buying an additional 314,100 shares during the period. Prudential Financial Inc. owned about 1.12% of Alon USA Energy worth $5,149,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC bought a new position in Alon USA Energy during the second quarter worth approximately $209,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Alon USA Energy during the second quarter worth approximately $235,000. Quantitative Investment Management LLC increased its position in Alon USA Energy by 69.8% in the second quarter. Quantitative Investment Management LLC now owns 37,700 shares of the company’s stock worth $244,000 after buying an additional 15,500 shares during the period. Lucus Advisors LLC increased its position in Alon USA Energy by 2.9% in the second quarter. Lucus Advisors LLC now owns 53,237 shares of the company’s stock worth $345,000 after buying an additional 1,481 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Alon USA Energy by 6,964.6% in the second quarter. BNP Paribas Arbitrage SA now owns 56,729 shares of the company’s stock worth $368,000 after buying an additional 55,926 shares during the period. 50.46% of the stock is owned by institutional investors and hedge funds.
Shares of Alon USA Energy Inc. (NYSE:ALJ) opened at 8.60 on Friday. The company’s market capitalization is $610.43 million. The stock’s 50 day moving average price is $8.27 and its 200 day moving average price is $8.12. Alon USA Energy Inc. has a 12-month low of $5.86 and a 12-month high of $18.27.
Alon USA Energy (NYSE:ALJ) last issued its earnings results on Thursday, July 28th. The company reported ($0.21) EPS for the quarter, missing the 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 company earned $1.01 billion during the quarter, compared to the consensus estimate of $883.85 million. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was down 22.5% compared to the same quarter last year. On average, equities research analysts forecast that Alon USA Energy Inc. will post ($1.08) earnings per share for the current year.
ALJ has been the subject of a number of analyst reports. Citigroup Inc. initiated coverage on Alon USA Energy in a research note on Wednesday, September 14th. They issued a “buy” rating and a $10.50 price target for the company. Barclays PLC raised Alon USA Energy from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $10.00 to $8.00 in a research note on Wednesday, July 13th. Zacks Investment Research raised Alon USA Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Credit Suisse Group AG reissued a “hold” rating and set a $9.00 target price on shares of Alon USA Energy in a research note on Friday, July 29th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.63.
In other Alon USA Energy news, VP Michael Oster sold 18,500 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $7.33, for a total value of $135,605.00. Following the sale, the vice president now owns 47,553 shares of the company’s stock, valued at approximately $348,563.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Wiessman sold 175,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $6.90, for a total value of $1,207,500.00. Following the completion of the sale, the insider now directly owns 2,910,541 shares in the company, valued at approximately $20,082,732.90. The disclosure for this sale can be found here. 8.80% of the stock is owned by company insiders.
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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