Adams Asset Advisors LLC boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,544 shares of the energy company’s stock after buying an additional 9,367 shares during the period. Adams Asset Advisors LLC’s holdings in Alliance Resource Partners, L.P. were worth $4,565,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in shares of Alliance Resource Partners, L.P. by 0.9% in the first quarter. IFP Advisors Inc now owns 13,356 shares of the energy company’s stock worth $289,000 after buying an additional 119 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in shares of Alliance Resource Partners, L.P. by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 9,284 shares of the energy company’s stock worth $201,000 after buying an additional 120 shares during the period. Weaver C. Barksdale & Associates Inc. raised its position in shares of Alliance Resource Partners, L.P. by 0.8% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 15,851 shares of the energy company’s stock worth $343,000 after buying an additional 127 shares during the period. Global X Management Co. LLC raised its position in shares of Alliance Resource Partners, L.P. by 3.8% in the first quarter. Global X Management Co. LLC now owns 15,801 shares of the energy company’s stock worth $342,000 after buying an additional 579 shares during the period. Finally, Algert Global LLC raised its position in shares of Alliance Resource Partners, L.P. by 4.0% in the first quarter. Algert Global LLC now owns 58,835 shares of the energy company’s stock worth $1,274,000 after buying an additional 2,287 shares during the period. 26.25% of the stock is currently owned by institutional investors.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 19.30 on Tuesday. Alliance Resource Partners, L.P. has a 52 week low of $18.15 and a 52 week high of $26.65. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 4.65 and a beta of 0.68.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $447.68 million. Alliance Resource Partners, L.P. had a return on equity of 35.17% and a net margin of 19.47%. Alliance Resource Partners, L.P.’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. On average, equities analysts predict that Alliance Resource Partners, L.P. will post $3.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 3rd. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 10.36%. Alliance Resource Partners, L.P.’s dividend payout ratio is currently 48.43%.

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A number of brokerages recently issued reports on ARLP. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, FBR & Co reissued an “outperform” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $26.93.

About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

Institutional Ownership by Quarter for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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