Alliance Resource Partners (NASDAQ:ARLP) Shares Unloaded Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently sold shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP). In a filing disclosed on January 06th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alliance Resource Partners stock on December 6th.

Representative Virginia Foxx also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Via Renewables (NASDAQ:VIASP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of FLEX LNG (NYSE:FLNG) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Bristol-Myers Squibb (NYSE:BMY) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Ardmore Shipping (NYSE:ASC) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Energy Transfer (NYSE:ET) on 12/6/2024.

Alliance Resource Partners Stock Up 0.8 %

Shares of ARLP traded up $0.20 during trading hours on Thursday, reaching $26.43. The company’s stock had a trading volume of 110,234 shares, compared to its average volume of 180,006. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $29.44. The company has a 50 day moving average of $26.64 and a two-hundred day moving average of $25.20. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 7.51 and a beta of 1.17.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The business had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same period in the previous year, the firm earned $1.18 EPS. As a group, research analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.59%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Benchmark boosted their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARLP. Atlanta Consulting Group Advisors LLC bought a new position in Alliance Resource Partners in the third quarter worth about $29,144,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Alliance Resource Partners during the second quarter worth about $6,595,000. Progeny 3 Inc. lifted its stake in Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after acquiring an additional 96,780 shares during the last quarter. Recurrent Investment Advisors LLC raised its stake in Alliance Resource Partners by 6.2% in the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after buying an additional 66,761 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in Alliance Resource Partners by 2,400.0% in the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after purchasing an additional 64,968 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.80% of the stock is owned by company insiders.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.