Alliance Resource Partners (NASDAQ:ARLP) Stock Bought Rep. Virginia Foxx

Representative Virginia Foxx (Republican-North Carolina) recently bought shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on May 15th.

Alliance Resource Partners Stock Down 0.4%

Shares of ARLP stock opened at $25.41 on Thursday. Alliance Resource Partners, L.P. has a 1-year low of $22.20 and a 1-year high of $29.45. The stock’s fifty day moving average price is $26.04 and its 200 day moving average price is $25.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.46 and a quick ratio of 0.95. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 13.37 and a beta of 0.23.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. The business had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. On average, research analysts expect that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.4%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 126.32%.

Institutional Investors Weigh In On Alliance Resource Partners

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in Alliance Resource Partners by 95.4% in the 4th quarter. Morgan Stanley now owns 3,363,174 shares of the energy company’s stock worth $78,127,000 after buying an additional 1,641,741 shares during the period. Energy Income Partners LLC lifted its stake in Alliance Resource Partners by 145.9% during the 1st quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock valued at $20,387,000 after acquiring an additional 437,486 shares during the period. ING Groep NV boosted its holdings in shares of Alliance Resource Partners by 76.7% in the 4th quarter. ING Groep NV now owns 668,000 shares of the energy company’s stock valued at $15,518,000 after acquiring an additional 289,900 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Alliance Resource Partners by 1,636.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 268,637 shares of the energy company’s stock valued at $6,792,000 after acquiring an additional 253,165 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Alliance Resource Partners in the first quarter worth $6,830,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

ARLP has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 16th. Zacks Research raised shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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, 2027.

Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She won in the general election on November 5, 2024.

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.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.