65,976 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Bought by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY bought a new position in Ramaco Resources, Inc. (NASDAQ:METC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 65,976 shares of the energy company’s stock, valued at approximately $1,133,000. Ramaco Resources accounts for about 1.2% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 28th biggest holding. Cypress Capital Management LLC WY owned approximately 0.13% of Ramaco Resources at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Ramaco Resources during the fourth quarter valued at about $2,023,000. Truist Financial Corp purchased a new position in shares of Ramaco Resources during the fourth quarter valued at about $415,000. Semanteon Capital Management LP purchased a new position in shares of Ramaco Resources during the fourth quarter valued at about $830,000. New York State Common Retirement Fund grew its position in shares of Ramaco Resources by 372.6% during the fourth quarter. New York State Common Retirement Fund now owns 28,491 shares of the energy company’s stock valued at $489,000 after purchasing an additional 22,463 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Ramaco Resources by 5.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 276,812 shares of the energy company’s stock worth $4,756,000 after acquiring an additional 14,480 shares in the last quarter. 74.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on METC shares. B. Riley decreased their price objective on shares of Ramaco Resources from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, April 15th. UBS Group assumed coverage on shares of Ramaco Resources in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.90.

Ramaco Resources Trading Up 3.4 %

Shares of Ramaco Resources stock traded up $0.54 on Monday, hitting $16.52. 243,384 shares of the company traded hands, compared to its average volume of 908,736. The company has a market cap of $731.22 million, a PE ratio of 9.29 and a beta of 1.15. Ramaco Resources, Inc. has a 52 week low of $7.26 and a 52 week high of $22.70. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $16.99 and its 200-day moving average price is $16.67.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). The company had revenue of $202.73 million for the quarter, compared to analysts’ expectations of $182.60 million. Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. Equities research analysts predict that Ramaco Resources, Inc. will post 1.59 EPS for the current year.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a yield of 3.34%. Ramaco Resources’s payout ratio is currently 31.61%.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.