Alon Usa Energy, Inc. (ALJ): Franklin R. Wheeler , director of Alon Usa Energy, Inc. purchased 2,000 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.91 per share for a total value of $15,820.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Michael Oster (Sr. VP-Mergers & Acquisitions) sold 47,000 shares at $8.18 per share price.On May 12, 2016, Jeff D Morris (other) sold 25,000 shares at $8.67 per share price.Also, On Aug 10, 2015, Kyle C Mckeen (President and CEO) sold 17,498 shares at $20.95 per share price.On Jun 12, 2015, David Wiessman (Executive Director) sold 166,500 shares at $18.07 per share price.
Shares of Alon USA Energy (ALJ) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.38 points or -4.58% at $7.91 with 11,83,604 shares getting traded. Post opening the session at $8.15, the shares hit an intraday low of $7.91 and an intraday high of $8.28 and the price vacillated in this range throughout the day. The company has a market cap of $563 M and the number of outstanding shares has been calculated to be 7,11,93,155 shares. The 52-week high of Alon USA Energy is $23.29 and the 52-week low is $7.91.
Company has been under the radar of several Street Analysts.Alon USA Energy is Reiterated by Cowen to Market Perform while Lowering the Price Target of the company shares to $ 10 from a previous price target of $14 . The Rating was issued on May 5, 2016.Alon USA Energy is Reiterated by Barclays to Underweight while Lowering the Price Target of the company shares to $ 11 from a previous price target of $13 . The Rating was issued on Apr 8, 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.