Ramaco Resources, Inc. (NASDAQ:METC) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 68.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 350,266 shares of the energy company's stock after selling 750,805 shares during the period. Point72 Asset Management L.P. owned about 0.80% of Ramaco Resources worth $4,098,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of METC. Innealta Capital LLC acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth approximately $94,000. Koss Olinger Consulting LLC acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth approximately $134,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth approximately $139,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter worth approximately $148,000. Institutional investors own 74.49% of the company's stock.

Analyst Upgrades and Downgrades

METC has been the topic of a number of research reports. Benchmark reiterated a "buy" rating and set a $20.00 price target on shares of Ramaco Resources in a research report on Thursday, August 29th. B. Riley lowered their target price on Ramaco Resources from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, September 17th.

Ramaco Resources Stock Performance

METC traded up $0.60 during trading hours on Monday, hitting $12.50. The company's stock had a trading volume of 403,398 shares, compared to its average volume of 677,322. Ramaco Resources, Inc. has a fifty-two week low of $9.03 and a fifty-two week high of $22.70. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $656.63 million, a PE ratio of 18.31 and a beta of 1.14. The company has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $12.22.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm had revenue of $167.40 million for the quarter, compared to analyst estimates of $156.41 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ramaco Resources, Inc. will post 0.86 EPS for the current year.

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, December 2nd. Ramaco Resources's dividend payout ratio (DPR) is presently 84.62%.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.