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

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 Up 0.8 %

Shares of NASDAQ:ARLP traded up $0.20 during mid-day trading on Thursday, hitting $26.43. 110,234 shares of the company traded hands, compared to its average volume of 180,006. The stock has a 50-day moving average price of $26.64 and a two-hundred day moving average price of $25.21. Alliance Resource Partners, L.P. has a 12-month low of $18.32 and a 12-month high of $29.44. The stock has a market cap of $3.38 billion, a P/E ratio of 7.51 and a beta of 1.17. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The firm had revenue of $613.57 million for the quarter, compared to analysts' expectations of $646.17 million. During the same period in the prior year, the firm earned $1.18 earnings per share. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.59%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the senior vice president now owns 157,946 shares of the company's stock, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors have recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Alliance Resource Partners during the 3rd quarter worth $72,000. Integrated Wealth Concepts LLC purchased a new stake in Alliance Resource Partners during the third quarter valued at about $206,000. Legacy Financial Group Inc. bought a new position in Alliance Resource Partners during the second quarter worth about $226,000. Dakota Wealth Management purchased a new position in shares of Alliance Resource Partners in the third quarter worth about $251,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Alliance Resource Partners in the third quarter valued at approximately $304,000. Hedge funds and other institutional investors own 18.11% of the company's stock.

Analyst Ratings Changes

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

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.

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.