Alon USA Partners LP (NYSE:ALDW) has climbed 12.39% in the past week and advanced 7.26% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 13.74% and the outperformance has advanced to 6.28% for the last 4 weeks period.
Alon USA Partners LP (NYSE:ALDW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.21 and $9.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.34, notching a gain of 1.57% for the day. The total traded volume was 2,110,312 . The stock had closed at $10.18 on the previous day.
The company shares have dropped -49.73% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $26.67 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $9.70 and the 200 Day Moving Average price is recorded at $14.58.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Alon Usa Partners, Lp, Even Shai had purchased shares worth of $76,320 in a transaction dated on March 1, 2016. A total of 7,200 shares were purchased at a price of $10.6 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Tudor Pickering downgrades its rating on Alon USA Partners LP (NYSE:ALDW).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 16, 2016. Institutional Investors own 6.32% of Alon USA Partners LP shares.
Alon USA Partners, LP (Alon) is engaged in the business of operating a crude oil refinery in Big Spring, Texas with a crude oil throughput capacity of 73,000 barrels per day (bpd). The Company refines crude oil into finished products, which it markets primarily in West and Central Texas, Oklahoma, New Mexico and Arizona through its wholesale distribution network to both Alon Energys retail convenience stores and other third-party distributors. The Big Spring refinery has a crude oil throughput capacity of 73,000 bpd and is located on 1,306 acres in the Permian Basin in West Texas. Its Big Spring refinery produces ultra-low sulfur gasoline, ultra-low sulfur diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. This refinery typically converts approximately 90% of its feedstock into finished products such as gasoline, diesel, jet fuel and petrochemicals, with the remaining 10% primarily converted to asphalt and liquefied petroleum gas.