BidaskClub upgraded shares of Alon USA Partners, LP (NYSE:ALDW) from a hold rating to a buy rating in a research report report published on Saturday.
ALDW has been the subject of several other reports. TheStreet upgraded Alon USA Partners, from a c rating to a b- rating in a research note on Friday, July 28th. 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. Macquarie upgraded Alon USA Partners, from a neutral rating to an outperform rating in a research note on Monday, October 23rd. ValuEngine upgraded Alon USA Partners, from a sell rating to a hold rating in a research note on Monday, September 18th. Finally, Tudor Pickering reiterated a hold rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Alon USA Partners, presently has an average rating of Buy and a consensus target price of $12.25.
Shares of Alon USA Partners, (NYSE ALDW) traded down $0.12 on Friday, hitting $13.16. The stock had a trading volume of 110,182 shares, compared to its average volume of 113,229. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market cap of $822.88, a P/E ratio of 18.54 and a beta of 1.06. Alon USA Partners, has a 12 month low of $7.70 and a 12 month high of $13.40.
In other Alon USA Partners, news, VP Shai Even sold 7,200 shares of Alon USA Partners, stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $11.61, for a total transaction of $83,592.00. Following the completion of the transaction, the vice president now owns 4,263 shares in the company, valued at approximately $49,493.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new position in shares of Alon USA Partners, during the 2nd quarter worth approximately $493,000. Virtu KCG Holdings LLC bought a new position in shares of Alon USA Partners, during the 2nd quarter worth approximately $148,000. Acrospire Investment Management LLC lifted its position in shares of Alon USA Partners, by 683.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock worth $100,000 after buying an additional 8,300 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Alon USA Partners, by 41.2% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 388,875 shares of the oil and gas company’s stock worth $4,075,000 after buying an additional 113,470 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Alon USA Partners, during the 2nd quarter worth approximately $544,000. 5.35% of the stock is currently owned by hedge funds and other institutional investors.
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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