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

Representative Virginia Foxx (R-North Carolina) recently bought shares of Alliance Resource Partners, L.P. NASDAQ: ARLP. In a filing disclosed on March 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on February 14th.

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

• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
• Sold $15,001 - $50,000 in shares of Energy Transfer NYSE: ET 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 Alliance Resource Partners NASDAQ: ARLP on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 12/6/2024.
• 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.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded up $0.01 during trading hours on Friday, reaching $24.83. The company's stock had a trading volume of 162,205 shares, compared to its average volume of 347,558. The stock has a market cap of $3.18 billion, a PE ratio of 9.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The company's 50-day moving average is $26.97 and its two-hundred day moving average is $25.98. Alliance Resource Partners, L.P. has a fifty-two week low of $19.16 and a fifty-two week high of $30.56.

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Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 11.28%. Alliance Resource Partners's payout ratio is 101.45%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. 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. StockNews.com cut shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Benchmark reissued a "buy" rating and issued a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Alliance Resource Partners

Several hedge funds have recently modified their holdings of the stock. AlphaCore Capital LLC boosted its position in shares of Alliance Resource Partners by 2.6% in the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company's stock worth $464,000 after acquiring an additional 444 shares during the last quarter. State of Wyoming acquired a new stake in shares of Alliance Resource Partners in the fourth quarter worth approximately $105,000. Recurrent Investment Advisors LLC boosted its position in shares of Alliance Resource Partners by 0.5% in the fourth quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company's stock worth $30,262,000 after acquiring an additional 5,925 shares during the last quarter. Progeny 3 Inc. boosted its position in shares of Alliance Resource Partners by 1.3% in the fourth quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company's stock worth $77,351,000 after acquiring an additional 38,030 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alliance Resource Partners by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,228 shares of the energy company's stock valued at $7,472,000 after buying an additional 13,316 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

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.

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.