Alliance Resource Partners, L.P. $ARLP Stock Holdings Lessened by Callahan Advisors LLC

Callahan Advisors LLC lowered its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,800 shares of the energy company’s stock after selling 2,200 shares during the period. Callahan Advisors LLC’s holdings in Alliance Resource Partners were worth $308,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARLP. Farther Finance Advisors LLC increased its holdings in shares of Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company’s stock valued at $26,000 after buying an additional 739 shares in the last quarter. Inscription Capital LLC acquired a new stake in Alliance Resource Partners during the 1st quarter valued at $356,000. Cambridge Investment Research Advisors Inc. raised its stake in Alliance Resource Partners by 4.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company’s stock valued at $761,000 after purchasing an additional 1,070 shares during the period. Hidden Cove Wealth Management LLC raised its stake in Alliance Resource Partners by 100.1% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 70,159 shares of the energy company’s stock valued at $1,914,000 after purchasing an additional 35,100 shares during the period. Finally, Jaffetilchin Investment Partners LLC raised its stake in Alliance Resource Partners by 9.2% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 33,078 shares of the energy company’s stock valued at $902,000 after purchasing an additional 2,798 shares during the period. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Trading Down 4.1%

Alliance Resource Partners stock opened at $24.60 on Thursday. The company’s fifty day simple moving average is $24.04 and its 200-day simple moving average is $25.63. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12 month low of $22.20 and a 12 month high of $30.56. The stock has a market cap of $3.16 billion, a P/E ratio of 13.59 and a beta of 0.51.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.06). Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. The company had revenue of $547.46 million for the quarter, compared to analysts’ expectations of $583.57 million. As a group, sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners’s payout ratio is currently 132.60%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Alliance Global Partners assumed coverage on shares of Alliance Resource Partners in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Alliance Resource Partners in a research note on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $30.00 target price on shares of Alliance Resource Partners in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

About Alliance Resource Partners

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.