Wells Fargo & Company MN Increases Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Wells Fargo & Company MN lifted its position in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 797,283 shares of the energy company's stock after purchasing an additional 223,682 shares during the quarter. Wells Fargo & Company MN owned 1.52% of Ramaco Resources worth $8,180,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in METC. Discovery Capital Management LLC CT acquired a new stake in Ramaco Resources during the 4th quarter worth approximately $9,289,000. EntryPoint Capital LLC bought a new position in shares of Ramaco Resources in the 4th quarter valued at about $168,000. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 10.8% in the fourth quarter. American Century Companies Inc. now owns 870,957 shares of the energy company's stock valued at $8,936,000 after buying an additional 84,734 shares during the last quarter. Royce & Associates LP bought a new position in Ramaco Resources during the fourth quarter worth $94,000. Finally, Campbell Capital Management Inc. bought a new position in Ramaco Resources in the 4th quarter valued at about $51,000. 74.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. B. Riley cut their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Benchmark reiterated a "buy" rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group lowered their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, January 6th.

Insider Activity at Ramaco Resources

In related news, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the sale, the insider now owns 1,052,404 shares in the company, valued at approximately $9,313,775.40. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $8.09, for a total transaction of $724,063.09. Following the completion of the transaction, the insider now directly owns 1,024,870 shares in the company, valued at approximately $8,291,198.30. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 922,582 shares of company stock valued at $7,898,023 in the last 90 days. Corporate insiders own 41.20% of the company's stock.

Ramaco Resources Stock Performance

METC traded down $0.39 during trading hours on Monday, hitting $9.48. The stock had a trading volume of 1,157,049 shares, compared to its average volume of 601,002. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $511.92 million, a PE ratio of 14.58 and a beta of 1.14. Ramaco Resources, Inc. has a 1 year low of $6.30 and a 1 year high of $16.61. The company's fifty day simple moving average is $8.95 and its 200 day simple moving average is $10.21.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. During the same period last year, the firm earned $0.24 EPS. The company's revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.90%. Ramaco Resources's payout ratio is 245.45%.

About Ramaco Resources

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.