Zacks Investment Research upgraded shares of Alon USA Energy, Inc. (NYSE:ALJ) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $12.00 price objective on the stock.

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. “

Separately, Piper Jaffray Companies upgraded shares of Alon USA Energy from an underweight rating to a neutral rating and upped their price target for the stock from $6.00 to $9.00 in a report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $9.50.

Analyst Recommendations for Alon USA Energy (NYSE:ALJ)

Alon USA Energy (NYSE:ALJ) opened at 11.40 on Tuesday. The firm has a 50-day moving average of $11.70 and a 200 day moving average of $9.39. Alon USA Energy has a one year low of $5.86 and a one year high of $13.01. The stock’s market capitalization is $810.89 million.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Laurion Capital Management LP bought a new position in Alon USA Energy during the third quarter worth approximately $148,000. Tudor Investment Corp Et Al bought a new position in Alon USA Energy during the fourth quarter worth approximately $158,000. Public Employees Retirement System of Ohio boosted its position in Alon USA Energy by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 35,582 shares of the company’s stock worth $231,000 after buying an additional 2,721 shares during the last quarter. Princeton Alpha Management LP bought a new position in Alon USA Energy during the third quarter worth approximately $236,000. Finally, Americafirst Capital Management LLC bought a new position in Alon USA Energy during the third quarter worth approximately $296,000. Hedge funds and other institutional investors own 46.67% of the company’s stock.

About Alon USA Energy

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.

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