BlackRock Inc. Sells 93,680 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

BlackRock Inc. decreased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 5.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,716,941 shares of the energy company’s stock after selling 93,680 shares during the quarter. BlackRock Inc. owned approximately 0.11% of Alpha Metallurgical Resources worth $234,944,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in shares of Alpha Metallurgical Resources by 16,462.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock worth $174,000 after buying an additional 1,317 shares during the period. JPMorgan Chase & Co. grew its stake in Alpha Metallurgical Resources by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 87,196 shares of the energy company’s stock valued at $11,506,000 after acquiring an additional 45,975 shares during the period. Sei Investments Co. bought a new stake in shares of Alpha Metallurgical Resources in the first quarter worth about $200,000. Ergoteles LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth about $3,044,000. Finally, XTX Topco Ltd acquired a new position in shares of Alpha Metallurgical Resources in the 1st quarter valued at approximately $255,000. Institutional investors and hedge funds own 81.21% of the company’s stock.

Insider Transactions at Alpha Metallurgical Resources

In related news, Chairman David J. Stetson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $179.37, for a total value of $3,587,400.00. Following the transaction, the chairman now owns 81,913 shares in the company, valued at approximately $14,692,734.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Roger Lee Nicholson sold 11,603 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $162.48, for a total value of $1,885,255.44. Following the sale, the chief accounting officer now directly owns 21,842 shares in the company, valued at approximately $3,548,888.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David J. Stetson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total value of $3,587,400.00. Following the transaction, the chairman now owns 81,913 shares of the company’s stock, valued at $14,692,734.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,375 shares of company stock worth $9,181,139. 5.70% of the stock is owned by insiders.

Alpha Metallurgical Resources Trading Down 3.7 %

Shares of Alpha Metallurgical Resources stock opened at $160.23 on Tuesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $103.90 and a 12-month high of $186.98. The company has a quick ratio of 2.27, a current ratio of 2.77 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $162.98 and its 200-day moving average is $156.47. The stock has a market cap of $2.43 billion, a P/E ratio of 2.05 and a beta of 1.28.

Alpha Metallurgical Resources (NYSE:AMR – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The energy company reported $13.37 EPS for the quarter, missing analysts’ consensus estimates of $15.56 by ($2.19). Alpha Metallurgical Resources had a net margin of 35.32% and a return on equity of 114.75%. The firm had revenue of $823.45 million during the quarter, compared to the consensus estimate of $796.40 million. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 46.09 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be issued a $0.44 dividend. This is an increase from Alpha Metallurgical Resources’s previous quarterly dividend of $0.39. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, March 14th. Alpha Metallurgical Resources’s payout ratio is currently 2.25%.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of research reports. Cowen cut their price target on shares of Alpha Metallurgical Resources to $215.00 in a research note on Tuesday, November 15th. Cowen increased their price objective on Alpha Metallurgical Resources from $200.00 to $210.00 in a report on Monday, February 27th. Finally, B. Riley boosted their target price on Alpha Metallurgical Resources from $193.00 to $202.00 in a research note on Tuesday, January 17th.

Alpha Metallurgical Resources Company Profile

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Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.