BNP Paribas Financial Markets Makes New $1.86 Million Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

BNP Paribas Financial Markets bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,305 shares of the energy company’s stock, valued at approximately $1,862,000. BNP Paribas Financial Markets owned about 0.07% of Alpha Metallurgical Resources as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMR. Norges Bank bought a new position in Alpha Metallurgical Resources in the fourth quarter worth about $26,332,000. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after acquiring an additional 32,027 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock valued at $147,366,000 after purchasing an additional 28,225 shares during the period. Hosking Partners LLP increased its stake in shares of Alpha Metallurgical Resources by 76.6% in the fourth quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock valued at $11,051,000 after purchasing an additional 23,944 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Alpha Metallurgical Resources by 279.5% in the fourth quarter. First Trust Advisors LP now owns 29,295 shares of the energy company’s stock valued at $5,863,000 after purchasing an additional 21,575 shares during the period. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 3.4%

Shares of NYSE:AMR opened at $125.61 on Friday. The firm’s 50 day moving average is $123.11 and its two-hundred day moving average is $172.66. Alpha Metallurgical Resources, Inc. has a 52 week low of $100.00 and a 52 week high of $334.72. The firm has a market capitalization of $1.64 billion, a P/E ratio of 4.61 and a beta of 0.72.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same quarter in the previous year, the business posted $9.59 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 38.4% compared to the same quarter last year. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Thursday.

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.