Leucadia National Corp bought a new stake in Alon USA Energy, Inc. (NYSE:ALJ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 151,452 shares of the oil and gas company’s stock, valued at approximately $1,846,000.
A number of other hedge funds have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its stake in 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 during the period. Tudor Investment Corp Et Al acquired a new position in Alon USA Energy during the fourth quarter valued at approximately $158,000. Hanseatic Management Services Inc. acquired a new position in Alon USA Energy during the first quarter valued at approximately $168,000. American International Group Inc. raised its position in Alon USA Energy by 7.1% in the first quarter. American International Group Inc. now owns 19,439 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 1,288 shares in the last quarter. Finally, Norges Bank acquired a new position in Alon USA Energy during the fourth quarter valued at approximately $289,000. Institutional investors and hedge funds own 49.46% of the company’s stock.
Alon USA Energy, Inc. (ALJ) traded down 5.11% during trading on Tuesday, hitting $12.82. 329,826 shares of the stock traded hands. The stock has a 50 day moving average price of $12.75 and a 200-day moving average price of $12.01. The stock’s market cap is $916.58 million. Alon USA Energy, Inc. has a 52-week low of $5.86 and a 52-week high of $13.97.
Alon USA Energy (NYSE:ALJ) last posted its earnings results on Monday, May 8th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.27. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Alon USA Energy had a negative return on equity of 4.53% and a negative net margin of 0.95%. Alon USA Energy’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) earnings per share. On average, analysts anticipate that Alon USA Energy, Inc. will post ($0.11) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Monday, May 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, May 18th. Alon USA Energy’s payout ratio is currently -107.14%.
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A number of equities research analysts have issued reports on ALJ shares. Zacks Investment Research lowered shares of Alon USA Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Citigroup Inc. cut their target price on shares of Alon USA Energy from $17.60 to $16.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Credit Suisse Group cut shares of Alon USA Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $12.00 in a research report on Friday, March 24th. Finally, TheStreet raised shares of Alon USA Energy from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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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