Alon USA Partners (NYSE:ALDW) Cut to “Neutral” at Citigroup

Alon USA Partners (NYSE:ALDW) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday, January 8th, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Alon USA Partners from a “hold” rating to a “sell” rating in a report on Friday, December 1st. BidaskClub upgraded shares of Alon USA Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Macquarie upgraded shares of Alon USA Partners from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Alon USA Partners presently has an average rating of “Hold” and a consensus target price of $12.25.

Shares of Alon USA Partners (ALDW) opened at $18.40 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.51. Alon USA Partners has a 12-month low of $8.65 and a 12-month high of $18.55. The company has a market capitalization of $1,150.54, a price-to-earnings ratio of 16.00 and a beta of 1.18.

Alon USA Partners (NYSE:ALDW) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.47 EPS for the quarter. Alon USA Partners had a return on equity of 28.83% and a net margin of 3.47%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its stake in Alon USA Partners by 101.1% in the 3rd quarter. GSA Capital Partners LLP now owns 121,002 shares of the oil and gas company’s stock worth $1,398,000 after purchasing an additional 60,840 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Alon USA Partners during the 2nd quarter worth about $493,000. Acrospire Investment Management LLC boosted its stake in shares of Alon USA Partners by 683.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock worth $100,000 after buying an additional 8,300 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Alon USA Partners during the 2nd quarter worth about $148,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Alon USA Partners during the 2nd quarter worth about $173,000. 5.30% of the stock is owned by hedge funds and other institutional investors.

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About Alon USA Partners

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.

Analyst Recommendations for Alon USA Partners (NYSE:ALDW)

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