Alon USA Energy (ALJ) : Adams Asset Advisors scooped up 15,037 additional shares in Alon USA Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 117,481 shares of Alon USA Energy which is valued at $1,010,337.Alon USA Energy makes up approximately 0.14% of Adams Asset Advisors’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in ALJ in the latest quarter, The investment management firm added 3,290 additional shares and now holds a total of 3,800 shares of Alon USA Energy which is valued at $32,680.Fisher Asset Management boosted its stake in ALJ in the latest quarter, The investment management firm added 47,400 additional shares and now holds a total of 212,800 shares of Alon USA Energy which is valued at $1,859,872.Simplex Trading boosted its stake in ALJ in the latest quarter, The investment management firm added 12,883 additional shares and now holds a total of 22,759 shares of Alon USA Energy which is valued at $190,265. Alon USA Energy makes up approx 0.02% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ALJ by selling 52,677 shares or 92.86% in the most recent quarter. The Hedge Fund company now holds 4,052 shares of ALJ which is valued at $34,685.
Alon USA Energy opened for trading at $9.27 and hit $9.29 on the upside on Tuesday, eventually ending the session at $9.07, with a gain of 3.78% or 0.33 points. The heightened volatility saw the trading volume jump to 20,85,759 shares. Company has a market cap of $648 M.
On the company’s financial health, Alon USA Energy reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.22. The company had revenue of $1008.39 million for the quarter, compared to analysts expectations of $880.88 million. The company’s revenue was down -22.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Alon USA Energy. Alon USA Energy was Upgraded by Credit Suisse to ” Outperform” on Oct 11, 2016. Alon USA Energy was Initiated by Citigroup to “Buy” on Sep 14, 2016.
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 crude oil refineries are located in Texas Louisiana and California and have a combined crude oil throughput capacity of approximately 217000 barrels per day (bpd). The Company has three operating segments: refining and marketing asphalt and retail. Its refineries produce petroleum products including various grades of gasoline diesel fuel jet fuel petrochemicals petrochemical feedstocks asphalt and other petroleum-based products. The Company’s refining and marketing segment includes sour crude oil refinery located in Big Spring Texas a light sweet crude oil refinery located in Krotz Springs Louisiana and heavy crude oil refineries located in Paramount Bakersfield and Long Beach California. The Company owns or operates approximately 10 asphalt terminals.