Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock Holdings Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,978 shares of the energy company’s stock after selling 1,650 shares during the period. Wells Fargo & Company MN’s holdings in Alliance Resource Partners were worth $762,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Tidal Investments LLC grew its position in shares of Alliance Resource Partners by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after acquiring an additional 391 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Alliance Resource Partners by 85.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,502 shares of the energy company’s stock worth $413,000 after purchasing an additional 7,609 shares during the period. Cadent Capital Advisors LLC increased its stake in Alliance Resource Partners by 1.9% during the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock valued at $626,000 after purchasing an additional 453 shares during the last quarter. BCS Wealth Management raised its holdings in shares of Alliance Resource Partners by 2.4% during the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after purchasing an additional 476 shares during the period. Finally, USA Financial Formulas bought a new position in shares of Alliance Resource Partners in the 4th quarter worth about $33,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ARLP shares. StockNews.com lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Benchmark reissued a “buy” rating and set a $29.00 target price on shares of Alliance Resource Partners in a research note on Tuesday.

Alliance Resource Partners Stock Down 0.2 %

Shares of Alliance Resource Partners stock opened at $26.40 on Friday. Alliance Resource Partners, L.P. has a 1-year low of $21.84 and a 1-year high of $30.56. The company has a market capitalization of $3.39 billion, a P/E ratio of 9.57 and a beta of 0.62. The business’s fifty day moving average price is $26.19 and its two-hundred day moving average price is $26.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. The company had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. As a group, research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a yield of 10.61%. Alliance Resource Partners’s dividend payout ratio (DPR) is 132.08%.

Insider Activity

In other news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares of the company’s stock, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 16.80% of the stock is owned by insiders.

Alliance Resource Partners 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.