Alon USA Partners, LP (ALDW) VP Shai Even Sells 7,200 Shares
Alon USA Partners, LP (NYSE:ALDW) VP Shai Even sold 7,200 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 4,263 shares of the company’s stock, valued at $49,493.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Alon USA Partners, LP (ALDW) traded up 3.13% on Friday, reaching $12.19. 221,061 shares of the company’s stock traded hands. Alon USA Partners, LP has a 52 week low of $7.63 and a 52 week high of $12.72. The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.35. The firm has a market capitalization of $762.23 million, a price-to-earnings ratio of 17.03 and a beta of 1.06.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The business had revenue of $521.75 million during the quarter, compared to analyst estimates of $436.80 million. Alon USA Partners, had a return on equity of 40.06% and a net margin of 2.20%. During the same period in the prior year, the firm earned $0.02 EPS. On average, equities research analysts predict that Alon USA Partners, LP will post $1.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.40 annualized dividend and a dividend yield of 11.48%. Alon USA Partners,’s dividend payout ratio is currently 197.19%.
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ALDW has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Alon USA Partners, in a research note on Wednesday, August 2nd. TheStreet upgraded shares of Alon USA Partners, from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Tudor Pickering reiterated a “hold” rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $12.00 price target on shares of Alon USA Partners, in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.70.
Several institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Alon USA Partners, by 683.7% in the second quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 8,300 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Alon USA Partners, during the second quarter valued at about $148,000. Russell Investments Group Ltd. acquired a new position in shares of Alon USA Partners, during the second quarter valued at about $173,000. Nine Chapters Capital Management LLC acquired a new position in shares of Alon USA Partners, during the first quarter valued at about $321,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Alon USA Partners, during the second quarter valued at about $493,000. 5.26% of the stock is currently owned by institutional investors.
Alon USA Partners, Company Profile
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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