Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) declared a quarterly dividend on Tuesday, February 21st, Zacks reports. Shareholders of record on Wednesday, March 15th will be given a dividend of 0.44 per share by the energy company on Monday, April 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 14th. This is a boost from Alpha Metallurgical Resources's previous quarterly dividend of $0.39.
Alpha Metallurgical Resources has a dividend payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Alpha Metallurgical Resources to earn $14.61 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 12.0%.
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Alpha Metallurgical Resources Trading Down 4.6 %
AMR stock traded down $8.05 during mid-day trading on Friday, reaching $166.30. 236,741 shares of the stock traded hands, compared to its average volume of 253,523. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.27 and a current ratio of 2.77. Alpha Metallurgical Resources has a one year low of $103.90 and a one year high of $186.98. The stock has a market capitalization of $2.52 billion, a PE ratio of 2.13 and a beta of 1.28. The business has a 50-day moving average price of $162.70 and a two-hundred day moving average price of $156.62.
Alpha Metallurgical Resources (NYSE:AMR – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The energy company reported $13.37 EPS for the quarter, missing analysts' consensus estimates of $15.56 by ($2.19). The company had revenue of $823.45 million during the quarter, compared to the consensus estimate of $796.40 million. Alpha Metallurgical Resources had a return on equity of 114.75% and a net margin of 35.32%. Equities research analysts expect that Alpha Metallurgical Resources will post 46.09 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have recently commented on AMR shares. B. Riley upped their price target on shares of Alpha Metallurgical Resources from $193.00 to $202.00 in a report on Tuesday, January 17th. Cowen upped their price target on shares of Alpha Metallurgical Resources from $200.00 to $210.00 in a report on Monday, February 27th. Finally, Cowen cut their price target on shares of Alpha Metallurgical Resources to $215.00 in a report on Tuesday, November 15th.
Insider Buying and Selling
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 completion of the sale, the chairman now directly owns 81,913 shares of the company's stock, valued at $14,692,734.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Daniel E. Horn sold 7,220 shares of the company's stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $168.05, for a total value of $1,213,321.00. Following the completion of the sale, the insider now directly owns 17,464 shares of the company's stock, valued at $2,934,825.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David J. Stetson sold 20,000 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $179.37, for a total transaction of $3,587,400.00. Following the sale, the chairman now directly owns 81,913 shares of the company's stock, valued at $14,692,734.81. The disclosure for this sale can be found here. Insiders sold a total of 54,375 shares of company stock valued at $9,181,139 over the last three months. 5.70% of the stock is owned by company insiders.
Institutional Trading of Alpha Metallurgical Resources
Several hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. lifted its position in shares of Alpha Metallurgical Resources by 9.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 730 shares of the energy company's stock valued at $107,000 after buying an additional 66 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 19.0% during the fourth quarter. Meeder Asset Management Inc. now owns 500 shares of the energy company's stock valued at $73,000 after buying an additional 80 shares during the last quarter. Sei Investments Co. lifted its position in shares of Alpha Metallurgical Resources by 5.5% during the fourth quarter. Sei Investments Co. now owns 1,693 shares of the energy company's stock valued at $248,000 after buying an additional 89 shares during the last quarter. Eqis Capital Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 6.2% during the fourth quarter. Eqis Capital Management Inc. now owns 1,766 shares of the energy company's stock valued at $258,000 after buying an additional 103 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Alpha Metallurgical Resources by 15.8% during the third quarter. Royal Bank of Canada now owns 896 shares of the energy company's stock valued at $123,000 after buying an additional 122 shares during the last quarter. 81.21% of the stock is owned by hedge funds and other institutional investors.
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.
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