Wetzel Investment Advisors Inc. Invests $34,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wetzel Investment Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100 shares of the energy company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMR. Stratos Wealth Advisors LLC grew its holdings in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company’s stock worth $2,247,000 after purchasing an additional 31 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Alpha Metallurgical Resources by 9.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 730 shares of the energy company’s stock worth $107,000 after buying an additional 66 shares during the last quarter. Sei Investments Co. increased its position in Alpha Metallurgical Resources by 3.1% during the second quarter. Sei Investments Co. now owns 2,460 shares of the energy company’s stock worth $404,000 after buying an additional 73 shares during the period. Meeder Asset Management Inc. lifted its stake in 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 during the last quarter. Finally, Meritage Portfolio Management lifted its stake in Alpha Metallurgical Resources by 5.6% in the third quarter. Meritage Portfolio Management now owns 1,724 shares of the energy company’s stock valued at $448,000 after buying an additional 92 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now directly owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the transaction, the chief accounting officer now owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,971 shares of company stock valued at $55,479,986. Company insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley lowered their target price on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $329.50 on Monday. The firm’s fifty day moving average is $347.09 and its two-hundred day moving average is $317.77. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00. The firm has a market cap of $4.29 billion, a PE ratio of 6.77 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The firm had revenue of $959.90 million for the quarter, compared to analysts’ expectations of $796.65 million. During the same quarter in the previous year, the firm posted $13.37 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

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. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.