Steven Cohen (Trades, Portfolio) of Point72 Asset Management raised his stake in Alon USA Energy Inc. (ALJ, Financial), a Dallas-based oil and gas refining and marketing company, by nearly 210% with the purchase of 2,353,738 shares on July 14.
Cohen, who initiated his position in Alon USA Energy with the acquisition of nearly 50,000 shares for an average price of $9.53 per share in the first quarter of 2011, paid $6.66 per share in his latest deal. The transaction had a 0.12% impact on his portfolio.
Cohen’s stake in the company, now 3,476,138 shares, is 4.88% of Alon USA Energy’s outstanding shares and 0.18% of his total assets. He is the company’s leading shareholder among the gurus.
Alon USA Energy has a P/B of 0.8 and a P/S of 0.1. GuruFocus gives Alon USA Energy a Financial Strength rating of 5/10 and a Profitability and Growth rating of 4/10 with ROE of -1.49% that is lower than 81% of the companies in the Global Oil & Gas Refining & Marketing industry and ROA of -0.44% that is lower than 80% of the companies in that industry.
Alon USA Energy sold for $7.03 per share when markets closed Tuesday. The DCF Calculator gives Alon USA Energy a fair value of $-1.93.
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