Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,609 shares of the energy company’s stock after acquiring an additional 4,164 shares during the quarter. Bank of New York Mellon Corp owned 0.78% of Alpha Metallurgical Resources worth $18,191,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Captrust Financial Advisors increased its position in shares of Alpha Metallurgical Resources by 344.0% in the first quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after buying an additional 172 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Alpha Metallurgical Resources in the second quarter valued at $32,000. OLD Mission Capital LLC purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $33,000. Meeder Asset Management Inc. increased its position in shares of Alpha Metallurgical Resources by 19.0% in the fourth quarter. Meeder Asset Management Inc. now owns 500 shares of the energy company’s stock valued at $73,000 after buying an additional 80 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Alpha Metallurgical Resources by 34.5% in the third quarter. Public Employees Retirement System of Ohio now owns 554 shares of the energy company’s stock valued at $76,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 76.31% of the company’s stock.

Alpha Metallurgical Resources Trading Up 2.0 %

Alpha Metallurgical Resources stock opened at $199.77 on Tuesday. The stock has a market cap of $2.73 billion, a PE ratio of 3.52 and a beta of 1.30. The stock has a 50-day moving average price of $172.58 and a 200 day moving average price of $161.28. Alpha Metallurgical Resources, Inc. has a 52 week low of $116.86 and a 52 week high of $202.20.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, August 4th. The energy company reported $12.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.32 by $2.84. The firm had revenue of $858.40 million during the quarter, compared to the consensus estimate of $833.69 million. Alpha Metallurgical Resources had a net margin of 26.73% and a return on equity of 62.51%. Alpha Metallurgical Resources’s revenue was down 35.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $30.03 earnings per share. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 46.91 EPS for the current year.

Alpha Metallurgical Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is currently 3.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMR shares. TD Cowen cut Alpha Metallurgical Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $200.00 to $194.00 in a research report on Monday, August 21st. B. Riley lifted their price objective on Alpha Metallurgical Resources from $197.00 to $199.00 in a research report on Tuesday, August 8th.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2022, it operated twenty four active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.