PNC Financial Services Group Inc. Sells 1,002 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

PNC Financial Services Group Inc. trimmed its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,453 shares of the energy company’s stock after selling 1,002 shares during the period. PNC Financial Services Group Inc.’s holdings in Alliance Resource Partners were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ARLP. FinTrust Capital Advisors LLC bought a new position in shares of Alliance Resource Partners during the fourth quarter valued at approximately $42,000. Janney Montgomery Scott LLC increased its holdings in shares of Alliance Resource Partners by 20.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,567 shares of the energy company’s stock valued at $414,000 after acquiring an additional 3,364 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Alliance Resource Partners by 54.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,285 shares of the energy company’s stock worth $303,000 after acquiring an additional 5,010 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its stake in shares of Alliance Resource Partners by 128.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock worth $211,000 after purchasing an additional 5,592 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in Alliance Resource Partners by 37.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 22,010 shares of the energy company’s stock valued at $466,000 after purchasing an additional 5,943 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 1.1 %

Shares of ARLP stock opened at $24.46 on Friday. The stock’s fifty day moving average price is $23.24 and its 200 day moving average price is $21.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. Alliance Resource Partners, L.P. has a 1-year low of $17.93 and a 1-year high of $25.53. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 5.35 and a beta of 1.12.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.28. The business had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. Alliance Resource Partners had a return on equity of 31.68% and a net margin of 23.36%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, research analysts expect that Alliance Resource Partners, L.P. will post 3.93 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.45%. Alliance Resource Partners’s payout ratio is currently 61.27%.

Analyst Upgrades and Downgrades

ARLP has been the subject of several analyst reports. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 30th. StockNews.com raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th.

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.