JPMorgan Chase & Co. Sells 99,931 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

JPMorgan Chase & Co. decreased its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,770,817 shares of the energy company's stock after selling 99,931 shares during the period. JPMorgan Chase & Co. owned approximately 1.38% of Alliance Resource Partners worth $44,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Alliance Resource Partners by 6.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 56,969 shares of the energy company's stock valued at $1,393,000 after buying an additional 3,612 shares in the last quarter. Fairbanks Capital Management Inc. lifted its holdings in shares of Alliance Resource Partners by 5.8% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 306,993 shares of the energy company's stock worth $7,509,000 after acquiring an additional 16,844 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Alliance Resource Partners in the 2nd quarter valued at $6,595,000. J.W. Cole Advisors Inc. grew its holdings in shares of Alliance Resource Partners by 4.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,949 shares of the energy company's stock valued at $512,000 after purchasing an additional 847 shares during the last quarter. Finally, Legacy Financial Group Inc. purchased a new position in Alliance Resource Partners in the 2nd quarter worth $226,000. Institutional investors own 18.11% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Benchmark upped their price target 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 downgraded Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd. Finally, StockNews.com cut shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 157,946 shares of the company's stock, valued at $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.80% of the company's stock.

Alliance Resource Partners Trading Down 1.1 %

Shares of Alliance Resource Partners stock traded down $0.29 during trading on Monday, reaching $26.28. 203,126 shares of the stock were exchanged, compared to its average volume of 231,775. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $29.44. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 7.47 and a beta of 1.17. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $26.60 and its 200 day moving average is $25.16.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data 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 business 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 quarter in the prior year, the business posted $1.18 earnings per share. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.70 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.80 annualized dividend and a yield of 10.65%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

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.