7616 LBJ Freeway, Suite 300
Dallas, TX 75251
Shares outstanding as of July 31, 2008 was 46,814,021.
On August 6, 2008, Alon declared its regular quarterly cash dividend of $0.04 per share on Alon’s common stock, payable on September 12, 2008 to stockholders of record at the close of business on August 29, 2008.
Huge insider buying!!
|% Held by Insiders1: ||79.05% |
|% Held by Institutions1: ||29.00% |
|MAJOR DIRECT HOLDERS (FORMS 3 & 4) |
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products operating primarily in the Southwestern and South Central regions of the United States. The Company's business consists of three segments: refining and marketing, asphalt and retail. In the refining and marketing business, Alon owns and operates four sour and heavy crude oil refineries are located in Texas, California and Oregon and have a combined throughput capacity of approximately 170,000 barrels per day (bpd). It refines gasoline, diesel fuel, petrochemical feedstocks, asphalt and specialty blended asphalts. Alon primarily markets gasoline and diesel under the FINA brand name at approximately 1,200 locations. In the retail segment, the Company operates 206 branded 7-Eleven convenience stores in West Texas and New Mexico, which offer merchandize, food products and motor fuels under the 7-Eleven and FINA brand names. Substantially all of the fuel sold by these stores is produced by Alon's refinery.
Odessa, Texas-based Southwest Convenience Stores, LLC (SCS) is the largest 7-Eleven licensee in the United States, with over 200 stores located in West Texas and New Mexico. SCS is a wholly-owned subsidiary of ALON USA.
SCS was formed in 1993 when Permian Basin Investments acquired 152 stores from Southland Corporation, now known as 7-Eleven, Inc. When ALON Israel Oil Company Ltd. purchased the Big Spring refinery assets in August 2000, ALON USA acquired a 34.4 percent interest in SCS. In May 2001, ALON USA completed the acquisition of the remaining interest. Since its formation, SCS has grown to over 160 stores and markets its fuel under the FINA brand.
SCS has, since 1993, remodeled and upgraded its 7-Eleven stores throughout West Texas and New Mexico, with the addition of beverage bar upgrades, canopy expansions, pay-at-the-pump credit card readers and other capital improvements. SCS plans to implement new technologies to further reduce costs, while enhancing the customer experience.
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Mr. Jeff D. Morris
President & CEO
Mr. Jeff D. Morris is President and Chief Executive Officer of ALON USA. Mr. Morris joined the company when it was formed in August 2000 after ALON Israel Oil Co., LTD purchased the downstream operations of Atofina Petrochemicals, Inc. (FINA).
Mr. Morris oversees ALON USA's businesses, which include four refineries, pipeline operations, terminal networks, asphalt production and branded fuel marketing activities. In this capacity, Mr. Morris focuses on growth and acquisition opportunities for ALON USA.
Mr. Morris is a seasoned professional and former FINA executive with over 30 years of experience. In 1974, he began his career with FINA and held technical positions in Chemicals and R&D, before assuming various managerial posts at the Big Spring refinery between 1982 to 1988. Mr. Morris became Operations Manager at FINA’s Port Arthur, Texas refinery, and was later promoted to Refinery Manager of the Big Spring refinery.
Mr. Morris served as Vice President of Fina's Southwestern Business Unit from 1995 to 1998 and Vice President of the Southeastern Business Unit from 1998 to 2000. He was responsible for the Big Spring refinery and the Port Arthur refinery respectively, in addition to crude gathering assets and marketing activities for both business units.
Mr. Morris is graduate of Texas Tech University where he earned a bachelor's degree in Chemical Engineering in 1974. He is an active alumnus and is recognized as a Texas Tech Distinguished Engineer. Mr. Morris serves as a member of the Academy of Chemical Engineers. He also holds 10 U.S. and six foreign patents in the field of polymer processing and production. In addition, Mr. Morris is published on polystyrene in the Encyclopedia of Chemical Processing and Design.
Mr. Morris is also involved in numerous civic activities and serves as a board member of Dallas Communities in Schools.
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