Alon USA Partners LP (NYSE:ALDW) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.00.
A number of brokerages have recently commented on ALDW. Citigroup cut shares of Alon USA Partners from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. ValuEngine cut shares of Alon USA Partners from a “hold” rating to a “sell” rating in a research report on Friday, December 1st.
Several hedge funds and other institutional investors have recently modified their holdings of ALDW. GSA Capital Partners LLP raised its position in shares of Alon USA Partners by 101.1% in the third quarter. GSA Capital Partners LLP now owns 121,002 shares of the oil and gas company’s stock valued at $1,398,000 after buying an additional 60,840 shares during the last quarter. Center Coast Capital Advisors LP acquired a new stake in shares of Alon USA Partners in the fourth quarter valued at about $170,000. Allianz Asset Management GmbH raised its position in shares of Alon USA Partners by 65.9% in the fourth quarter. Allianz Asset Management GmbH now owns 186,216 shares of the oil and gas company’s stock valued at $3,182,000 after buying an additional 73,940 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Alon USA Partners by 30.7% in the fourth quarter. Renaissance Technologies LLC now owns 265,123 shares of the oil and gas company’s stock valued at $4,531,000 after buying an additional 62,253 shares during the last quarter. Finally, Beryl Capital Management LLC acquired a new stake in shares of Alon USA Partners in the fourth quarter valued at about $6,036,000. Institutional investors and hedge funds own 5.28% of the company’s stock.
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. 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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