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 Trading Down 0.4%

Shares of ARLP opened at $25.41 on Thursday. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45. The stock has a market cap of $3.27 billion, a PE ratio of 13.37 and a beta of 0.23. The firm’s fifty day moving average is $26.04 and its two-hundred day moving average is $25.30. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24.

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

Alliance Resource Partners Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Alliance Resource Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC grew its stake in shares of Alliance Resource Partners by 1.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock valued at $789,000 after buying an additional 442 shares in the last quarter. HUB Investment Partners LLC lifted its stake in Alliance Resource Partners by 4.0% during the 2nd quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock worth $342,000 after acquiring an additional 499 shares in the last quarter. US Bancorp DE boosted its holdings in Alliance Resource Partners by 28.5% during the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after acquiring an additional 570 shares during the period. AlphaCore Capital LLC grew its position in Alliance Resource Partners by 2.4% in the 3rd quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company’s stock valued at $672,000 after acquiring an additional 613 shares in the last quarter. Finally, Pinnacle Holdings LLC grew its position in Alliance Resource Partners by 0.5% in the 4th quarter. Pinnacle Holdings LLC now owns 129,423 shares of the energy company’s stock valued at $3,006,000 after acquiring an additional 653 shares in the last quarter. 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. (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.