US Bancorp DE Invests $438,000 in Ramaco Resources, Inc. (NASDAQ:METC)

US Bancorp DE bought a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,730 shares of the energy company’s stock, valued at approximately $438,000. US Bancorp DE owned 0.08% of Ramaco Resources at the end of the most recent quarter.

Several other large investors have also modified their holdings of METC. Wellington Management Group LLP purchased a new position in shares of Ramaco Resources during the third quarter valued at approximately $22,127,000. Bank of New York Mellon Corp increased its position in shares of Ramaco Resources by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 524,009 shares of the energy company’s stock worth $5,376,000 after acquiring an additional 155,169 shares in the last quarter. FMR LLC grew its holdings in Ramaco Resources by 5.3% during the 3rd quarter. FMR LLC now owns 371,885 shares of the energy company’s stock valued at $4,351,000 after purchasing an additional 18,582 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Ramaco Resources by 1.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock valued at $3,635,000 after purchasing an additional 4,460 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ramaco Resources by 231.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after acquiring an additional 183,163 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

METC has been the topic of a number of recent research reports. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Ramaco Resources Stock Down 23.8 %

Ramaco Resources stock opened at $8.86 on Thursday. The firm has a market cap of $465.41 million, a PE ratio of 13.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The firm’s 50 day moving average price is $9.66 and its two-hundred day moving average price is $10.69. Ramaco Resources, Inc. has a twelve month low of $8.17 and a twelve month high of $17.65.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, research analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 6.21%. The ex-dividend date is Friday, February 28th. Ramaco Resources’s payout ratio is currently 84.62%.

Ramaco Resources Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.