Alon USA Partners, LP (NYSE:ALDW) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.

Other equities analysts have also issued reports about the company. TheStreet raised Alon USA Partners, from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Citigroup Inc. upped their target price on Alon USA Partners, from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 target price on shares of Alon USA Partners, in a research report on Wednesday, July 5th. Tudor Pickering reaffirmed a “hold” rating on shares of Alon USA Partners, in a research report on Thursday, July 13th. Finally, BidaskClub raised Alon USA Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Alon USA Partners, has an average rating of “Buy” and a consensus price target of $11.70.

Alon USA Partners, (NYSE:ALDW) traded up 0.88% during mid-day trading on Monday, reaching $11.45. 85,298 shares of the company’s stock were exchanged. The company has a market capitalization of $715.96 million, a P/E ratio of 15.99 and a beta of 1.05. Alon USA Partners, has a 52 week low of $7.63 and a 52 week high of $12.72. The company’s 50 day moving average price is $11.27 and its 200-day moving average price is $10.50.

Alon USA Partners, (NYSE:ALDW) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $521.75 million during the quarter, compared to analyst estimates of $436.80 million. During the same period in the previous year, the company earned $0.02 earnings per share. On average, equities research analysts expect that Alon USA Partners, will post $1.31 earnings per share for the current fiscal year.

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In related news, VP Shai Even sold 2,937 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $11.50, for a total transaction of $33,775.50. Following the sale, the vice president now directly owns 4,263 shares of the company’s stock, valued at approximately $49,024.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Alon USA Partners, by 0.6% during 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 acquiring an additional 1,528 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Alon USA Partners, by 683.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock valued at $100,000 after acquiring an additional 8,300 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Alon USA Partners, during the 2nd quarter valued at approximately $148,000. Russell Investments Group Ltd. acquired a new stake in shares of Alon USA Partners, during the 2nd quarter valued at approximately $173,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Alon USA Partners, during the 2nd quarter valued at approximately $493,000. 5.26% 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.

Analyst Recommendations for Alon USA Partners, (NYSE:ALDW)

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