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

Representative Virginia Foxx (R-North Carolina) recently bought shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP). In a filing disclosed on March 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on February 14th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 2/19/2025.
• Sold $15,001 – $50,000 in shares of Energy Transfer (NYSE:ET) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Via Renewables (NASDAQ:VIASP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of FLEX LNG (NYSE:FLNG) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Bristol-Myers Squibb (NYSE:BMY) on 12/6/2024.

Alliance Resource Partners Stock Up 0.2 %

Alliance Resource Partners stock opened at $25.21 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The business’s 50-day simple moving average is $27.02 and its two-hundred day simple moving average is $25.97. The company has a market cap of $3.23 billion, a PE ratio of 9.13 and a beta of 1.09. Alliance Resource Partners, L.P. has a fifty-two week low of $19.02 and a fifty-two week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Equities analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 11.11%. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Wall Street Analyst Weigh In

ARLP has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Hedge Funds Weigh In On Alliance Resource Partners

A number of large investors have recently bought and sold shares of the business. Progeny 3 Inc. raised its holdings in Alliance Resource Partners by 1.3% in the 4th quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company’s stock worth $77,351,000 after purchasing an additional 38,030 shares during the period. JPMorgan Chase & Co. raised its holdings in Alliance Resource Partners by 2.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company’s stock worth $47,728,000 after purchasing an additional 44,636 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new position in Alliance Resource Partners in the 3rd quarter worth about $29,144,000. Recurrent Investment Advisors LLC raised its holdings in Alliance Resource Partners by 0.5% in the 4th quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company’s stock worth $30,262,000 after purchasing an additional 5,925 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Alliance Resource Partners in the 4th quarter worth about $14,564,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

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., 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.