Alon USA Partners, LP (NYSE:ALDW) announced a quarterly dividend on Thursday, February 9th. Investors of record on Tuesday, February 21st will be paid a dividend of 0.11 per share on Tuesday, February 28th. This represents a $0.44 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, February 16th.
Shares of Alon USA Partners, (NYSE:ALDW) opened at 9.68 on Friday. The company has a market cap of $605.19 million, a P/E ratio of 312.26 and a beta of 1.05. Alon USA Partners, has a one year low of $7.63 and a one year high of $14.97. The company’s 50 day moving average is $10.06 and its 200 day moving average is $9.52.
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Separately, Citigroup Inc. raised shares of Alon USA Partners, from a “neutral” rating to a “buy” rating and set a $11.50 price objective on the stock in a research note on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.50.
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, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. 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.
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