Alon USA Partners (ALDW) Cut to “Sell” at ValuEngine
ValuEngine cut shares of Alon USA Partners (NYSE:ALDW) from a hold rating to a sell rating in a research report sent to investors on Friday morning.
Several other equities analysts have also recently commented on the stock. BidaskClub upgraded shares of Alon USA Partners from a hold rating to a buy rating in a research note on Saturday, November 4th. Macquarie upgraded shares of Alon USA Partners from a neutral rating to an outperform rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Alon USA Partners presently has a consensus rating of Buy and an average price target of $12.25.
Alon USA Partners (NYSE:ALDW) opened at $15.68 on Friday. The company has a market cap of $989.84, a price-to-earnings ratio of 13.77 and a beta of 1.16. Alon USA Partners has a one year low of $8.65 and a one year high of $16.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th were paid a $0.43 dividend. This is a boost from Alon USA Partners’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.97%. Alon USA Partners’s dividend payout ratio is currently 121.74%.
Several hedge funds have recently made changes to their positions in ALDW. Russell Investments Group Ltd. acquired a new position in shares of Alon USA Partners in the 2nd quarter valued at $173,000. Acadian Asset Management LLC acquired a new position in shares of Alon USA Partners in the 2nd quarter valued at $544,000. HITE Hedge Asset Management LLC raised its stake in shares of Alon USA Partners by 41.2% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 388,875 shares of the oil and gas company’s stock valued at $4,075,000 after buying an additional 113,470 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Alon USA Partners by 683.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 8,300 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Alon USA Partners in the 2nd quarter valued at $148,000. Institutional investors own 5.33% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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