131,583 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 131,583 shares of the energy company’s stock, valued at approximately $26,332,000.

A number of other large investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Alpha Metallurgical Resources by 87.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,920 shares of the energy company’s stock valued at $4,987,000 after buying an additional 11,622 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Alpha Metallurgical Resources by 102.4% during the fourth quarter. EntryPoint Capital LLC now owns 2,113 shares of the energy company’s stock valued at $423,000 after purchasing an additional 1,069 shares during the last quarter. Prudential Financial Inc. boosted its position in Alpha Metallurgical Resources by 6.9% during the fourth quarter. Prudential Financial Inc. now owns 12,068 shares of the energy company’s stock worth $2,415,000 after purchasing an additional 778 shares during the period. Sei Investments Co. increased its stake in shares of Alpha Metallurgical Resources by 36.8% in the fourth quarter. Sei Investments Co. now owns 10,786 shares of the energy company’s stock worth $2,158,000 after purchasing an additional 2,903 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after purchasing an additional 32,027 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 6.8 %

Shares of AMR stock opened at $107.88 on Monday. Alpha Metallurgical Resources, Inc. has a 12 month low of $104.23 and a 12 month high of $361.17. The stock has a market capitalization of $1.41 billion, a P/E ratio of 3.96 and a beta of 1.08. The firm’s 50 day moving average is $150.41 and its 200 day moving average is $194.14.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter last year, the firm posted $12.88 earnings per share. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.