Spark Investment Management LLC acquired a new position in Alon USA Energy, Inc. (NYSE:ALJ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 105,600 shares of the oil and gas company’s stock, valued at approximately $1,406,000.
Several other large investors have also modified their holdings of the company. TFS Capital LLC acquired a new stake in shares of Alon USA Energy during the first quarter worth about $416,000. Engineers Gate Manager LP acquired a new stake in shares of Alon USA Energy during the first quarter worth about $654,000. Hanseatic Management Services Inc. acquired a new stake in shares of Alon USA Energy during the first quarter worth about $168,000. Sheaff Brock Investment Advisors LLC increased its stake in shares of Alon USA Energy by 4.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,667 shares of the oil and gas company’s stock worth $142,000 after buying an additional 500 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Alon USA Energy during the first quarter worth about $315,000. Institutional investors own 49.46% of the company’s stock.
Alon USA Energy, Inc. (ALJ) traded down 0.60% during midday trading on Friday, reaching $13.32. The company’s stock had a trading volume of 1,256,889 shares. Alon USA Energy, Inc. has a one year low of $5.86 and a one year high of $13.97. The firm has a 50 day moving average price of $12.92 and a 200 day moving average price of $12.12.
A number of brokerages recently issued reports on ALJ. TheStreet upgraded Alon USA Energy from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Citigroup Inc. reiterated a “buy” rating and issued a $14.50 price objective (down previously from $16.00) on shares of Alon USA Energy in a research report on Saturday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.50.
About Alon USA Energy
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 segments include refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.
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