Alliancebernstein L.P. cut its position in Alon USA Energy, Inc. (NYSE:ALJ) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,580 shares of the oil and gas company’s stock after selling 61,740 shares during the period. Alliancebernstein L.P.’s holdings in Alon USA Energy were worth $3,652,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of ALJ. Tudor Investment Corp Et Al purchased a new stake in shares of Alon USA Energy during the fourth quarter valued at $158,000. TFS Capital LLC purchased a new stake in shares of Alon USA Energy during the first quarter valued at $416,000. State Street Corp boosted its stake in shares of Alon USA Energy by 19.2% in the fourth quarter. State Street Corp now owns 678,046 shares of the oil and gas company’s stock valued at $7,718,000 after buying an additional 109,055 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Alon USA Energy by 12.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,595 shares of the oil and gas company’s stock valued at $303,000 after buying an additional 2,913 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Alon USA Energy during the first quarter valued at $1,249,000. 49.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alon USA Energy, Inc. (NYSE ALJ) traded down 0.60% on Friday, hitting $13.32. 1,256,889 shares of the company traded hands. Alon USA Energy, Inc. has a 1-year low of $5.86 and a 1-year high of $13.97. The firm’s 50-day moving average is $12.92 and its 200 day moving average is $12.12.
Alon USA Energy (NYSE:ALJ) last released its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.27. Alon USA Energy had a net margin of 0.89% and a return on equity of 5.65%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned ($0.42) earnings per share. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, equities research analysts predict that Alon USA Energy, Inc. will post ($0.17) EPS for the current fiscal year.
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ALJ has been the subject of several research reports. TheStreet upgraded shares of Alon USA Energy from a “d+” rating to a “c” rating in a report on Monday, May 8th. Citigroup Inc. restated a “buy” rating and issued a $14.50 price objective (down from $16.00) on shares of Alon USA Energy in a report on Saturday, April 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.50.
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’s segments include refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.
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