Rep. Virginia Foxx Sells Off Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

09 Jan 2025, 12:06 by Amy Steele · The Cerbat Gem

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 Performance

ARLP stock traded up $0.20 during midday trading on Thursday, reaching $26.43. 110,234 shares of the company’s stock traded hands, compared to its average volume of 180,006. The company has a 50-day moving average price of $26.64 and a two-hundred day moving average price of $25.20. The firm has a market capitalization of $3.38 billion, a PE ratio of 7.51 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners, L.P. has a 52 week low of $18.32 and a 52 week high of $29.44.

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

Alliance Resource Partners Announces Dividend

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

Hedge Funds Weigh In On Alliance Resource Partners

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its stake in shares of Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after acquiring an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock valued at $1,173,000 after acquiring an additional 400 shares during the period. AlphaCore Capital LLC grew its holdings in shares of Alliance Resource Partners by 3.0% in the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after purchasing an additional 503 shares in the last quarter. Andina Capital Management LLC lifted its holdings in Alliance Resource Partners by 5.2% during the 3rd quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock worth $379,000 after buying an additional 745 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Alliance Resource Partners by 3.8% in the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock valued at $544,000 after acquiring an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on ARLP

Insiders Place Their Bets

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now directly 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 at this hyperlink. 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.

About Alliance Resource Partners

(Get Free Report)

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.