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Alon USA PartnersALDWTOP PICKMay 12, 2017Stock price when the opinion was issued
As of Jul 22, 2019. Market Open.
(Top Pick July6/17, Up 14.98%) Refineries are on everyone’s screen because of the Texan floods. It is a top pick today. They are in-land refineries and are still operating. It also has 300+ convenience stores and sells asphalt and jet fuel also. He does not think they will gouge their customers because of the floods.
This only has one refinery, but it is smack dab in the Permian Basin, the epicenter of growing production. Drilling rigs use diesel, so they are getting great prices. His target on this is $15. Dividend yield of 7%. (Analysts’ price target is $11.50.)