BidaskClub upgraded shares of Alon USA Partners, LP (NYSE:ALDW) from a hold rating to a buy rating in a research note published on Saturday, November 4th.
Other analysts also recently issued reports about the company. TheStreet raised Alon USA Partners, from a c rating to a b- rating in a report on Friday, July 28th. Citigroup Inc. upped their price objective on Alon USA Partners, from $12.00 to $14.00 and gave the company a buy rating in a research note on Monday, July 17th. Tudor Pickering reissued a hold rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Macquarie upgraded Alon USA Partners, from a neutral rating to an outperform rating in a report on Monday, October 23rd. Finally, ValuEngine upgraded Alon USA Partners, from a sell rating to a hold rating in a report on Monday, September 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $12.25.
Alon USA Partners, (NYSE ALDW) opened at $14.69 on Friday. Alon USA Partners, has a 1 year low of $8.23 and a 1 year high of $14.70. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $907.93, a PE ratio of 12.63 and a beta of 1.04.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from Alon USA Partners,’s previous quarterly dividend of $0.35. Alon USA Partners,’s dividend payout ratio is 121.74%.
In other news, VP Shai Even sold 7,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $11.61, for a total transaction of $83,592.00. Following the sale, the vice president now owns 4,263 shares in the company, valued at $49,493.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Alon USA Partners, by 101.1% in the 3rd 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 during the period. Arrowstreet Capital Limited Partnership purchased a new position in Alon USA Partners, in the second quarter valued at about $493,000. Virtu KCG Holdings LLC purchased a new position in Alon USA Partners, in the second quarter valued at about $148,000. Acrospire Investment Management LLC raised its position in 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 valued at $100,000 after purchasing an additional 8,300 shares during the period. Finally, HITE Hedge Asset Management LLC raised 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 purchasing an additional 113,470 shares during the period. 5.08% of the stock is currently 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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