Fmr LLC boosted its position in Alon USA Energy, Inc. (NYSE:ALJ) by 116.2% during the first quarter, Holdings Channel reports. The firm owned 1,451,700 shares of the oil and gas company’s stock after buying an additional 780,100 shares during the period. Fmr LLC’s holdings in Alon USA Energy were worth $17,697,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Hanseatic Management Services Inc. bought a new position in shares of Alon USA Energy during the first quarter worth approximately $168,000. 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 worth $142,000 after buying an additional 500 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Alon USA Energy during the first quarter worth approximately $315,000. Essex Investment Management Co. LLC raised its position in shares of Alon USA Energy by 25.5% in the first quarter. Essex Investment Management Co. LLC now owns 78,253 shares of the oil and gas company’s stock worth $954,000 after buying an additional 15,908 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Alon USA Energy during the first quarter worth approximately $546,000. 49.46% of the stock is currently owned by hedge funds and other institutional investors.
Alon USA Energy, Inc. (ALJ) opened at 13.32 on Wednesday. Alon USA Energy, Inc. has a 12-month low of $5.86 and a 12-month high of $13.97. The company’s 50 day moving average is $12.92 and its 200 day moving average is $12.12.
Alon USA Energy (NYSE:ALJ) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted ($0.42) earnings per share. The business’s revenue was up 35.4% compared to the same quarter last year. Analysts predict that Alon USA Energy, Inc. will post ($0.17) earnings per share for the current year.
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A number of brokerages have recently commented on ALJ. TheStreet raised shares of Alon USA Energy from a “d+” rating to a “c” rating in a report on Monday, May 8th. Credit Suisse Group lowered shares of Alon USA Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $13.00 to $12.00 in a report on Friday, March 24th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $14.50 price target (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 company’s stock. The stock currently has an average rating of “Hold” and a consensus price target 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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