Shares of Alon USA Partners, LP (NYSE:ALDW) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.70.
A number of research analysts recently commented on ALDW shares. Credit Suisse Group raised Alon USA Partners, from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $11.00 to $12.00 in a report on Friday, April 21st. Stifel Nicolaus raised Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Friday, April 21st. Citigroup Inc. reissued a “buy” rating and issued a $12.00 price target (down from $13.50) on shares of Alon USA Partners, in a report on Saturday, April 22nd. Barclays PLC reissued an “equal weight” rating and issued a $12.00 price target on shares of Alon USA Partners, in a report on Wednesday, July 5th. Finally, Tudor Pickering reissued a “hold” rating on shares of Alon USA Partners, in a report on Thursday, July 13th.
Alon USA Partners, (NYSE:ALDW) opened at 11.09 on Tuesday. The company has a market cap of $693.45 million, a P/E ratio of 15.49 and a beta of 1.06. The stock has a 50 day moving average of $11.12 and a 200-day moving average of $10.26. Alon USA Partners, has a 12 month low of $7.63 and a 12 month high of $12.72.
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 Zacks’ consensus estimate of $0.42 by $0.07. The company had revenue of $521.75 million for the quarter, compared to the consensus estimate of $436.80 million. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. During the same quarter last year, the firm posted $0.02 earnings per share. Equities research analysts expect that Alon USA Partners, will post $1.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.40 annualized dividend and a dividend yield of 12.62%. Alon USA Partners,’s dividend payout ratio (DPR) is 214.09%.
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Several hedge funds have recently modified their holdings of ALDW. Morgan Stanley raised its stake in Alon USA Partners, by 239.3% in the first quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock valued at $10,226,000 after buying an additional 787,330 shares during the last quarter. FMR LLC bought a new stake in Alon USA Partners, during the fourth quarter valued at $4,239,000. HITE Hedge Asset Management LLC bought a new stake in Alon USA Partners, during the first quarter valued at $2,523,000. Renaissance Technologies LLC raised its stake in Alon USA Partners, by 572.8% in the fourth quarter. Renaissance Technologies LLC now owns 129,183 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 109,983 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Alon USA Partners, during the second quarter valued at $544,000. 6.76% of the stock is currently owned by institutional investors and hedge funds.
About Alon USA Partners,
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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