Alon USA Energy Inc. (NYSE:ALJ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $10.00 price objective on the stock. Zacks Investment Research’s target price would indicate a potential upside of 4.71% from the stock’s current price.

According to Zacks, “Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the Southwestern and South Central regions of the United States. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt in the State of Texas. The Company also operates convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. “

A number of other equities research analysts also recently weighed in on ALJ. Piper Jaffray Cos. upgraded Alon USA Energy from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $6.00 to $9.00 in a research report on Friday, November 18th. Barclays PLC restated an “equal weight” rating and issued a $10.00 target price (up from $8.00) on shares of Alon USA Energy in a research report on Monday, October 10th. Citigroup Inc. started coverage on Alon USA Energy in a research report on Wednesday, September 14th. They issued a “buy” rating and a $10.50 target price for the company. Finally, Credit Suisse Group AG upgraded Alon USA Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $7.00 to $10.50 in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.25.

Analyst Recommendations for Alon USA Energy (NYSE:ALJ)

Shares of Alon USA Energy (NYSE:ALJ) opened at 9.55 on Tuesday. Alon USA Energy has a 12 month low of $5.86 and a 12 month high of $18.08. The stock has a 50 day moving average price of $8.32 and a 200-day moving average price of $7.67. The stock’s market cap is $679.30 million.

Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The business earned $1.04 billion during the quarter, compared to the consensus estimate of $859.99 million. Alon USA Energy had a negative return on equity of 10.24% and a negative net margin of 3.18%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, analysts forecast that Alon USA Energy will post ($0.97) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.28%. Alon USA Energy’s dividend payout ratio (DPR) is presently -35.93%.

In other news, insider David Wiessman sold 105,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $7.33, for a total transaction of $769,650.00. Following the completion of the sale, the insider now owns 2,580,541 shares in the company, valued at approximately $18,915,365.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. increased its stake in shares of Alon USA Energy by 67.2% in the second quarter. Point72 Asset Management L.P. now owns 1,876,200 shares of the company’s stock worth $12,158,000 after buying an additional 753,800 shares during the period. Visium Asset Management LP increased its stake in shares of Alon USA Energy by 2.5% in the second quarter. Visium Asset Management LP now owns 1,109,200 shares of the company’s stock worth $7,188,000 after buying an additional 26,588 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Alon USA Energy by 73.1% in the third quarter. Deprince Race & Zollo Inc. now owns 1,077,080 shares of the company’s stock worth $8,681,000 after buying an additional 454,994 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Alon USA Energy by 202.5% in the second quarter. Ameriprise Financial Inc. now owns 937,153 shares of the company’s stock worth $6,072,000 after buying an additional 627,363 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Alon USA Energy by 11.3% in the third quarter. BlackRock Fund Advisors now owns 837,282 shares of the company’s stock worth $6,748,000 after buying an additional 85,207 shares during the period. Institutional investors own 47.58% of the company’s stock.

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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.

5 Day Chart for NYSE:ALJ

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