Western Standard LLC Sells 70,712 Shares of Alon USA Partners, LP (ALDW)
Western Standard LLC decreased its position in shares of Alon USA Partners, LP (NYSE:ALDW) by 38.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,857 shares of the oil and gas company’s stock after selling 70,712 shares during the quarter. Alon USA Partners, makes up 1.6% of Western Standard LLC’s holdings, making the stock its 17th largest holding. Western Standard LLC owned about 0.18% of Alon USA Partners, worth $1,204,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Alon USA Partners, by 0.6% during the first 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 in the last quarter. FMR LLC increased its holdings in Alon USA Partners, by 13.6% during the first quarter. FMR LLC now owns 501,471 shares of the oil and gas company’s stock valued at $4,593,000 after buying an additional 59,900 shares during the period. Morgan Stanley increased its holdings in Alon USA Partners, by 239.3% during the first quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock valued at $10,226,000 after buying an additional 787,330 shares during the period. Russell Investments Group Ltd. purchased a new position in Alon USA Partners, during the second quarter valued at approximately $173,000. Finally, Acadian Asset Management LLC bought a new position in Alon USA Partners, in the second quarter worth approximately $544,000. 5.26% of the stock is currently owned by institutional investors and hedge funds.
ALDW has been the subject of a number of analyst reports. BidaskClub upgraded Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 target price on shares of Alon USA Partners, in a research report on Wednesday, August 2nd. ValuEngine upgraded Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Barclays PLC reiterated an “equal weight” rating and issued a $12.00 price target on shares of Alon USA Partners, in a report on Wednesday, July 5th. Finally, TheStreet raised Alon USA Partners, from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $11.70.
In related news, VP Shai Even sold 7,200 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $11.61, for a total transaction of $83,592.00. Following the completion of the transaction, the vice president now owns 4,263 shares in the company, valued at $49,493.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Alon USA Partners, LP (ALDW) traded up 0.87% on Wednesday, hitting $11.62. 13,263 shares of the stock were exchanged. The stock has a market cap of $726.59 million, a PE ratio of 16.23 and a beta of 1.04. Alon USA Partners, LP has a 52-week low of $7.63 and a 52-week high of $12.72. The company’s 50 day moving average is $11.16 and its 200-day moving average is $10.64.
Alon USA Partners, (NYSE:ALDW) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $521.75 million during the quarter, compared to analyst estimates of $436.80 million. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. During the same period in the prior year, the business earned $0.02 EPS. Analysts predict that Alon USA Partners, LP will post $1.38 EPS for the current fiscal year.
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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