WealthTrust Axiom LLC boosted its stake in Alon USA Partners LP (NYSE:ALDW) by 88.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the company’s stock after buying an additional 16,000 shares during the period. WealthTrust Axiom LLC’s holdings in Alon USA Partners were worth $343,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALDW. Keel Point LLC increased its stake in shares of Alon USA Partners by 1.0% in the second quarter. Keel Point LLC now owns 45,741 shares of the company’s stock valued at $462,000 after buying an additional 437 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Alon USA Partners by 1.0% in the first quarter. Rafferty Asset Management LLC now owns 96,659 shares of the company’s stock valued at $1,271,000 after buying an additional 965 shares during the period. Sigma Planning Corp increased its stake in shares of Alon USA Partners by 14.1% in the second quarter. Sigma Planning Corp now owns 15,587 shares of the company’s stock valued at $157,000 after buying an additional 1,925 shares during the period. Creative Planning increased its stake in shares of Alon USA Partners by 27.0% in the second quarter. Creative Planning now owns 17,700 shares of the company’s stock valued at $179,000 after buying an additional 3,765 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Alon USA Partners during the first quarter worth approximately $704,000. Institutional investors and hedge funds own 5.93% of the company’s stock.
Shares of Alon USA Partners LP (NYSE:ALDW) traded down 2.01% during trading on Monday, reaching $8.27. The company’s stock had a trading volume of 213,507 shares. Alon USA Partners LP has a one year low of $8.25 and a one year high of $26.67. The company has a market capitalization of $517.04 million, a price-to-earnings ratio of 9.64 and a beta of 0.90. The firm’s 50-day moving average price is $10.24 and its 200-day moving average price is $10.40.
Alon USA Partners (NYSE:ALDW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The firm had revenue of $468.46 million for the quarter, compared to the consensus estimate of $417.45 million. Alon USA Partners had a net margin of 2.94% and a return on equity of 38.88%. The business’s revenue was down 25.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities analysts anticipate that Alon USA Partners LP will post ($0.12) earnings per share for the current year.
A number of brokerages recently commented on ALDW. Citigroup Inc. increased their price target on Alon USA Partners from $10.80 to $11.50 and gave the company a “neutral” rating in a research report on Wednesday, September 14th. TheStreet raised Alon USA Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Zacks Investment Research downgraded Alon USA Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.38.
Alon USA Partners Company Profile
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. 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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