Parametric Portfolio Associates LLC Has $1.47 Million Position in Alon USA Energy, Inc. (NYSE:ALJ)
Parametric Portfolio Associates LLC increased its stake in shares of Alon USA Energy, Inc. (NYSE:ALJ) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 120,732 shares of the oil and gas company’s stock after buying an additional 2,958 shares during the period. Parametric Portfolio Associates LLC’s holdings in Alon USA Energy were worth $1,472,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC raised its position in shares of Alon USA Energy by 4.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,667 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 500 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in shares of Alon USA Energy during the fourth quarter valued at $158,000. Hanseatic Management Services Inc. bought a new position in shares of Alon USA Energy during the first quarter valued at $168,000. Norges Bank bought a new position in shares of Alon USA Energy during the fourth quarter valued at $289,000. Finally, Metropolitan Life Insurance Co. NY raised its position 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 in the last quarter. Hedge funds and other institutional investors own 49.46% of the company’s stock.
Shares of Alon USA Energy, Inc. (ALJ) opened at 13.32 on Tuesday. The company has a 50 day moving average of $12.92 and a 200-day moving average of $12.12. Alon USA Energy, Inc. has a 12-month low of $5.86 and a 12-month high of $13.97.
Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.07 billion. During the same period last year, the company posted ($0.42) EPS. Alon USA Energy’s revenue was up 35.4% on a year-over-year basis. Equities research analysts forecast that Alon USA Energy, Inc. will post ($0.17) earnings per share for the current year.
Several brokerages have recently weighed in on ALJ. Credit Suisse Group lowered shares of Alon USA Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $12.00 in a report on Friday, March 24th. TheStreet upgraded shares of Alon USA Energy from a “d+” rating to a “c” rating in a report on Monday, May 8th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $14.50 price objective (down previously from $16.00) on shares of Alon USA Energy in a report on Saturday, April 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Alon USA Energy currently has a consensus rating of “Hold” and an average target price of $11.50.
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’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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