Principal Financial Group Inc. raised its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,188 shares of the energy company's stock after purchasing an additional 635 shares during the period. Principal Financial Group Inc. owned 0.07% of Alpha Metallurgical Resources worth $1,703,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMR. Contrarius Investment Management Ltd raised its stake in shares of Alpha Metallurgical Resources by 410.0% during the 1st quarter. Contrarius Investment Management Ltd now owns 791,399 shares of the energy company's stock worth $104,433,000 after purchasing an additional 636,230 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Alpha Metallurgical Resources by 545.5% during the 1st quarter. Renaissance Technologies LLC now owns 304,115 shares of the energy company's stock valued at $40,131,000 after acquiring an additional 257,000 shares during the last quarter. D. Scott Neal Inc. acquired a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at about $10,717,000. Goldman Sachs Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 277.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,001 shares of the energy company's stock valued at $13,328,000 after acquiring an additional 74,217 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Alpha Metallurgical Resources by 212.7% during the 1st quarter. American Century Companies Inc. now owns 98,318 shares of the energy company's stock valued at $12,974,000 after acquiring an additional 66,872 shares during the last quarter. 74.69% of the stock is owned by hedge funds and other institutional investors.
Get Alpha Metallurgical Resources alerts:Alpha Metallurgical Resources Trading Up 0.8 %
Shares of AMR stock opened at $168.59 on Monday. The firm has a market capitalization of $2.69 billion, a P/E ratio of 2.16 and a beta of 1.27. Alpha Metallurgical Resources, Inc. has a 1 year low of $44.47 and a 1 year high of $186.98. The firm's fifty day simple moving average is $158.12 and its 200 day simple moving average is $149.86.
Alpha Metallurgical Resources (NYSE:AMR – Get Rating) last announced its quarterly earnings data on Monday, November 7th. The energy company reported $14.21 EPS for the quarter, missing analysts' consensus estimates of $16.79 by ($2.58). Alpha Metallurgical Resources had a net margin of 36.17% and a return on equity of 142.30%. The company had revenue of $869.77 million for the quarter, compared to analyst estimates of $880.00 million. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 79 EPS for the current fiscal year.Alpha Metallurgical Resources Increases Dividend
The company also recently disclosed a None dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be issued a dividend of $5.418 per share. This represents a dividend yield of 14%. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from Alpha Metallurgical Resources's previous None dividend of $0.39. Alpha Metallurgical Resources's dividend payout ratio (DPR) is presently 2.01%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AMR. B. Riley increased their price objective on Alpha Metallurgical Resources from $189.00 to $195.00 in a report on Tuesday, November 8th. Cowen lowered their price objective on Alpha Metallurgical Resources from $225.00 to $215.00 in a report on Tuesday, November 8th. Finally, Cowen lowered their price objective on Alpha Metallurgical Resources to $215.00 in a report on Tuesday, November 15th.
Alpha Metallurgical Resources Company Profile
(Get Rating)
Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.
Featured Articles
- Get a free copy of the StockNews.com research report on Alpha Metallurgical Resources (AMR)
- Is Salesforce Stock a Bargain Down Here?
- Intel is a Sleeping Giant Ready to Awaken
- Why CSL Ltd Stock Could Be Worth a Look
- MarketBeat: Week in Review 11/28 – 12/02
- Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?
Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.