CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $6.82 Million Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 38.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,000 shares of the energy company's stock after purchasing an additional 70,000 shares during the period. Alliance Resource Partners comprises approximately 0.4% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's investment portfolio, making the stock its 29th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.19% of Alliance Resource Partners worth $6,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaCore Capital LLC increased its holdings in Alliance Resource Partners by 2.6% during the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company's stock worth $464,000 after buying an additional 444 shares during the last quarter. Virtus ETF Advisers LLC increased its holdings in Alliance Resource Partners by 7.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company's stock worth $191,000 after buying an additional 511 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Alliance Resource Partners by 321.3% during the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after buying an additional 739 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Alliance Resource Partners during the fourth quarter worth $26,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Alliance Resource Partners by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company's stock worth $761,000 after buying an additional 1,070 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP traded up $0.11 on Friday, hitting $25.54. The company had a trading volume of 136,279 shares, compared to its average volume of 341,672. Alliance Resource Partners, L.P. has a 1-year low of $22.18 and a 1-year high of $30.56. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 12.05 and a beta of 0.56. The stock has a 50 day moving average price of $26.26 and a 200 day moving average price of $26.44. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. The business had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. Analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a $0.70 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.96%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.08%.

Wall Street Analyst Weigh In

ARLP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

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.