Stock Short Interest Filing: Alon Usa Energy Incorporated (NYSE:ALJ) Reports Decline in Sellers; Strong Momentum for Longs

November 24, 2016 - By Marie Mckinney   ·   0 Comments

Stock Short Interest Filing: Alon Usa Energy Incorporated (NYSE:ALJ) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Alon Usa Energy Incorporated (NYSE:ALJ) registered a decrease of 7.11% in short interest. ALJ’s total short interest was 5.46M shares in November as published by FINRA. Its down 7.11% from 5.88M shares, reported previously. With 818,800 shares average volume, it will take short sellers 7 days to cover their ALJ’s short positions. The short interest to Alon Usa Energy Incorporated’s float is 17.61%. The stock closed at $9.55 during the last session. It is down 12.47% since April 22, 2016 and is downtrending. It has underperformed by 17.87% the S&P500.

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 has a market cap of $708.23 million. The Firm operates through three divisions: refining and marketing, asphalt and retail. It currently has negative earnings. The Company’s refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products.

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.07, from 0.94 in 2016Q1. The ratio increased, as 25 funds sold all Alon USA Energy, Inc. shares owned while 47 reduced positions. 23 funds bought stakes while 45 increased positions. They now own 35.58 million shares or 21.87% less from 45.53 million shares in 2016Q1.
Cornerstone Management Ltd Liability has 32,959 shares for 0% of their US portfolio. Bancorp Of America Corporation De has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Indexiq Limited Liability last reported 0% of its portfolio in the stock. The New York-based Visium Asset Management Ltd Partnership has invested 0.5% in Alon USA Energy, Inc. (NYSE:ALJ). Manufacturers Life Insurance The holds 0% or 23,770 shares in its portfolio. Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Mckinley Capital Management Ltd Liability Com Delaware holds 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ) for 350 shares. Old Mutual Global Invsts (Uk) Limited, a United Kingdom-based fund reported 11,744 shares. Quantitative Invest Mngmt Ltd accumulated 0.01% or 37,700 shares. Retail Bank Of Ny Mellon holds 507,593 shares or 0% of its portfolio. State Street holds 573,268 shares or 0% of its portfolio. Credit Suisse Ag reported 167,224 shares or 0% of all its holdings. Renaissance Technologies Lc holds 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ) for 135,000 shares. Hbk Investments Lp last reported 219,400 shares in the company. Diam reported 21,539 shares or 0% of all its holdings.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 9 selling transactions for $4.62 million net activity. $174,148 worth of Alon USA Energy, Inc. (NYSE:ALJ) was sold by Morris Jeff D. $135,648 worth of Alon USA Energy, Inc. (NYSE:ALJ) was sold by Oster Michael. Wiessman David sold $561,750 worth of stock.

Alon USA Energy, Inc. (NYSE:ALJ) Ratings Coverage

Out of 8 analysts covering Alon USA Energy (NYSE:ALJ), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $24.0 is the highest target while $5 is the lowest. The $13.50 average target is 41.36% above today’s ($9.55) stock price. Alon USA Energy has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Wednesday, September 14. The rating was upgraded by Zacks to “Hold” on Friday, August 7. The firm earned “Equal-Weight” rating on Monday, October 12 by Barclays Capital. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Equal-Weight” rating given on Wednesday, July 13 by Barclays Capital. JP Morgan maintained Alon USA Energy, Inc. (NYSE:ALJ) on Friday, June 10 with “Neutral” rating. The stock has “Neutral” rating given by Macquarie Research on Friday, July 24. Piper Jaffray upgraded the shares of ALJ in a report on Friday, November 18 to “Neutral” rating. The rating was upgraded by Credit Suisse on Tuesday, October 11 to “Outperform”. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Underweight” rating given on Friday, September 16 by Piper Jaffray. The rating was maintained by with “Equal-Weight” on Monday, October 10.

ALJ Company Profile

Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Firm operates through three divisions: refining and marketing, asphalt and retail. The Company’s refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. The Firm holds interests in Alon USA Partners, LP, which owns a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day and an integrated wholesale marketing business. In addition, it owns a crude oil refinery in Krotz Springs, Louisiana, with a crude oil throughput capacity of approximately 74,000 barrels per day (bpd). The Firm also owns crude oil refineries in California.

More recent Alon USA Energy, Inc. (NYSE:ALJ) news were published by: Prnewswire.com which released: “Alon USA Energy, Inc. Announces Receipt of Proposal to Purchase Its …” on October 17, 2016. Also Fool.com published the news titled: “Here’s Why Shares of Alon USA Energy Declined 15% in December” on January 08, 2016. Prnewswire.com‘s news article titled: “Alon USA Energy To Participate In The Barclays CEO Energy-Power Conference” with publication date: August 31, 2016 was also an interesting one.

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By Marie Mckinney


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