Van ECK Associates Corp lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,592 shares of the energy company’s stock after selling 362 shares during the period. Van ECK Associates Corp’s holdings in Alpha Metallurgical Resources were worth $672,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AMR. Advisor Group Holdings Inc. increased its position in Alpha Metallurgical Resources by 16,462.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock worth $174,000 after purchasing an additional 1,317 shares during the period. JPMorgan Chase & Co. increased its position in Alpha Metallurgical Resources by 111.5% during the 1st quarter. JPMorgan Chase & Co. now owns 87,196 shares of the energy company’s stock worth $11,506,000 after purchasing an additional 45,975 shares during the period. Sei Investments Co. acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth approximately $200,000. Ergoteles LLC acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth approximately $3,044,000. Finally, XTX Topco Ltd acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth approximately $255,000. Institutional investors and hedge funds own 81.21% of the company’s stock.
Insider Activity at Alpha Metallurgical Resources
In related news, Chairman David J. Stetson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total value of $3,587,400.00. Following the sale, the chairman now owns 81,913 shares of the company’s stock, valued at approximately $14,692,734.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 11,603 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $162.48, for a total transaction of $1,885,255.44. Following the transaction, the chief accounting officer now owns 21,842 shares of the company’s stock, valued at approximately $3,548,888.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David J. Stetson sold 20,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total value of $3,587,400.00. Following the transaction, the chairman now directly owns 81,913 shares in the company, valued at approximately $14,692,734.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,375 shares of company stock valued at $9,181,139. 15.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Alpha Metallurgical Resources Stock Performance
AMR opened at $152.82 on Monday. The stock has a market cap of $2.29 billion, a P/E ratio of 2.05 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.77 and a quick ratio of 2.27. The stock’s 50 day simple moving average is $155.89 and its 200 day simple moving average is $158.73. Alpha Metallurgical Resources, Inc. has a 1-year low of $103.90 and a 1-year high of $186.98.
Alpha Metallurgical Resources (NYSE:AMR – Get Rating) last released its quarterly earnings results on Monday, May 8th. The energy company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $14.22 by $2.79. Alpha Metallurgical Resources had a return on equity of 114.75% and a net margin of 35.32%. The business had revenue of $911.24 million for the quarter, compared to analysts’ expectations of $858.50 million. During the same quarter in the prior year, the firm posted $20.52 EPS. As a group, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 46.09 EPS for the current fiscal year.
Alpha Metallurgical Resources Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Thursday, June 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Alpha Metallurgical Resources’s previous quarterly dividend of $0.44. Alpha Metallurgical Resources’s dividend payout ratio is presently 2.68%.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.
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