Barclays PLC reiterated their equal weight rating on shares of Alon USA Partners, LP (NYSE:ALDW) in a report released on Wednesday, July 5th, Marketbeat reports. They currently have a $12.00 price objective on the oil and gas company’s stock.
ALDW has been the subject of several other research reports. Credit Suisse Group upgraded shares of Alon USA Partners, from a neutral rating to an outperform rating and upped their target price for the stock from $11.00 to $12.00 in a research report on Friday, April 21st. Citigroup Inc. restated a buy rating and issued a $12.00 target price (down previously from $13.50) on shares of Alon USA Partners, in a research report on Saturday, April 22nd. Finally, Stifel Nicolaus upgraded shares of Alon USA Partners, from a market perform rating to an outperform rating and set a $12.00 target price for the company in a research report on Friday, April 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $11.90.
Shares of Alon USA Partners, (NYSE:ALDW) traded up 4.98% during trading on Wednesday, hitting $11.60. The stock had a trading volume of 178,078 shares. The stock has a market cap of $725.23 million, a price-to-earnings ratio of 29.90 and a beta of 1.04. The stock’s 50-day moving average is $10.82 and its 200-day moving average is $10.15. Alon USA Partners, has a 12-month low of $7.63 and a 12-month high of $12.44.
Alon USA Partners, (NYSE:ALDW) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.07. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.42%. The business had revenue of $521.75 million for the quarter, compared to the consensus estimate of $436.80 million. During the same period in the prior year, the company earned $0.02 EPS. On average, equities research analysts expect that Alon USA Partners, will post $1.13 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 12.07%. The ex-dividend date is Tuesday, August 15th. Alon USA Partners,’s dividend payout ratio (DPR) is presently 214.09%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new position in Alon USA Partners, during the fourth quarter valued at about $152,000. Russell Investments Group Ltd. bought a new position in Alon USA Partners, during the second quarter valued at about $173,000. Nine Chapters Capital Management LLC bought a new position in Alon USA Partners, during the first quarter valued at about $321,000. Acadian Asset Management LLC bought a new position in Alon USA Partners, during the second quarter valued at about $544,000. Finally, Renaissance Technologies LLC boosted its position in Alon USA Partners, by 572.8% in the fourth quarter. Renaissance Technologies LLC now owns 129,183 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 109,983 shares during the period. Institutional investors and hedge funds own 6.72% of the company’s stock.
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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