Alon USA Partners, LP (ALDW) Declares $0.11 Dividend

Alon USA Partners, LP (ALDW) Declares $0.11 Dividend

Alon USA Partners, LP (NYSE:ALDW) announced a 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. The ex-dividend date of this dividend is Thursday, February 16th.

Shares of Alon USA Partners, (NYSE:ALDW) opened at 9.75 on Friday. The company has a 50-day moving average price of $10.06 and a 200-day moving average price of $9.51. The company has a market capitalization of $609.57 million, a price-to-earnings ratio of 314.52 and a beta of 1.05. Alon USA Partners, has a 12 month low of $7.63 and a 12 month high of $14.97.

Separately, Citigroup Inc. upgraded shares of Alon USA Partners, from a “neutral” rating to a “buy” rating and set a $11.50 price target for the company in a research report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.50.

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, 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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