Alon USA Partners, LP (NYSE:ALDW) VP Shai Even sold 2,937 shares of the company’s stock in a transaction on 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 owns 4,263 shares of the company’s stock, valued at approximately $49,024.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 shares were sold at an average price of $11.61, for a total value of $83,592.00.
Shares of Alon USA Partners, LP (NYSE:ALDW) opened at 11.35 on Friday. The company’s 50-day moving average price is $11.27 and its 200-day moving average price is $10.47. Alon USA Partners, LP has a one year low of $7.63 and a one year high of $12.72. The stock has a market cap of $709.70 million, a PE ratio of 15.85 and a beta of 1.05.
Alon USA Partners, (NYSE:ALDW) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.07). Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. The firm had revenue of $521.75 million for the quarter, compared to analysts’ expectations of $436.80 million. During the same period in the previous year, the firm posted $0.02 EPS. Equities research analysts anticipate that Alon USA Partners, LP will post $1.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 17th were issued a $0.35 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.40 annualized dividend and a yield of 12.33%. Alon USA Partners,’s dividend payout ratio (DPR) is presently 197.19%.
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A number of research analysts have issued reports on the company. TheStreet upgraded Alon USA Partners, from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Citigroup Inc. restated a “buy” rating and issued a $13.00 price objective on shares of Alon USA Partners, in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $12.00 price target on shares of Alon USA Partners, in a research report on Wednesday, July 5th. BidaskClub raised Alon USA Partners, from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, ValuEngine cut Alon USA Partners, from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.70.
A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Alon USA Partners, by 0.6% in the 1st 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 purchasing an additional 1,528 shares during the last quarter. Acrospire Investment Management LLC grew its stake in shares of Alon USA Partners, by 683.7% in the second quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 8,300 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Alon USA Partners, in the second quarter worth $148,000. Russell Investments Group Ltd. acquired a new position in shares of Alon USA Partners, in the second quarter worth $173,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Alon USA Partners, in the first quarter worth $321,000. Hedge funds and other institutional investors own 5.26% of the company’s stock.
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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