Rep. Virginia Foxx Buys Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares

Representative Virginia Foxx (Republican-North Carolina) recently bought shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on May 15th.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $25.41 on Thursday. The firm has a 50-day moving average of $26.04 and a 200-day moving average of $25.30. The company has a market cap of $3.27 billion, a P/E ratio of 13.37 and a beta of 0.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.46 and a quick ratio of 0.95. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $516.02 million during the quarter, compared to the consensus estimate of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.45 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is 126.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Wall Street Zen cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Zacks Research upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Investors Weigh In On Alliance Resource Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Alliance Resource Partners by 734.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,302 shares of the energy company’s stock worth $64,000 after purchasing an additional 2,026 shares in the last quarter. Dayah Capital LLC bought a new position in Alliance Resource Partners in the 1st quarter worth $1,825,000. Bank of America Corp DE raised its holdings in Alliance Resource Partners by 74.2% in the 1st quarter. Bank of America Corp DE now owns 269,655 shares of the energy company’s stock worth $7,456,000 after purchasing an additional 114,880 shares in the last quarter. Parvin Asset Management LLC raised its holdings in Alliance Resource Partners by 29.5% in the 1st quarter. Parvin Asset Management LLC now owns 20,075 shares of the energy company’s stock worth $555,000 after purchasing an additional 4,575 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Alliance Resource Partners by 26.9% in the 1st quarter. Royal Bank of Canada now owns 27,356 shares of the energy company’s stock worth $756,000 after purchasing an additional 5,794 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027.

Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She won in the general election on November 5, 2024.

Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985.

Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.