CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $4.73 Million Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,000 shares of the energy company's stock after selling 70,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.14% of Alliance Resource Partners worth $4,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in Alliance Resource Partners by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company's stock worth $561,000 after acquiring an additional 7,321 shares during the period. Pathway Financial Advisers LLC lifted its position in shares of Alliance Resource Partners by 2,400.0% in the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company's stock worth $1,692,000 after purchasing an additional 64,968 shares in the last quarter. Creative Planning boosted its holdings in shares of Alliance Resource Partners by 89.8% during the second quarter. Creative Planning now owns 72,099 shares of the energy company's stock worth $1,764,000 after purchasing an additional 34,106 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Alliance Resource Partners during the third quarter valued at approximately $29,144,000. Finally, International Assets Investment Management LLC acquired a new position in Alliance Resource Partners in the 3rd quarter valued at approximately $7,500,000. Hedge funds and other institutional investors own 18.11% of the company's stock.

Alliance Resource Partners Stock Up 1.2 %

Shares of ARLP stock traded up $0.36 on Friday, hitting $29.24. The company's stock had a trading volume of 771,912 shares, compared to its average volume of 241,124. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.31 and a beta of 1.17. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The firm's fifty day moving average price is $26.95 and its 200-day moving average price is $25.46.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.16). The company had revenue of $613.57 million during the quarter, compared to analyst estimates 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 firm earned $1.18 EPS. Research 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. Shareholders of record on Thursday, November 7th were issued 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 9.58%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Benchmark upped their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Finally, Singular Research downgraded Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd.

Insider Activity

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now directly owns 157,946 shares in the company, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.80% of the company's stock.

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.