Yorktown Energy Partners Xi, L Sells 98,274 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $869,724.90. Following the sale, the insider now owns 1,052,404 shares of the company’s stock, valued at $9,313,775.40. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Friday, March 21st, Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock. The stock was sold at an average price of $8.61, for a total value of $722,129.31.

Ramaco Resources Price Performance

Shares of METC traded up $0.18 during mid-day trading on Monday, hitting $8.97. 1,000,017 shares of the stock were exchanged, compared to its average volume of 567,479. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The company has a market cap of $398.29 million, a PE ratio of 13.80 and a beta of 1.17. Ramaco Resources, Inc. has a 52-week low of $8.17 and a 52-week high of $17.23. The firm has a 50-day moving average of $9.56 and a two-hundred day moving average of $10.54.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. During the same period in the previous year, the company earned $0.24 EPS. Ramaco Resources’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. Ramaco Resources’s payout ratio is 245.45%.

Institutional Investors Weigh In On Ramaco Resources

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Ramaco Resources by 18.1% in the 3rd quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock valued at $1,497,000 after purchasing an additional 19,575 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ramaco Resources by 231.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after buying an additional 183,163 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Ramaco Resources by 190.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock worth $1,053,000 after buying an additional 58,980 shares during the period. FMR LLC increased its position in Ramaco Resources by 5.3% during the third quarter. FMR LLC now owns 371,885 shares of the energy company’s stock valued at $4,351,000 after acquiring an additional 18,582 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Ramaco Resources during the third quarter valued at $148,000. 74.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on METC. Jefferies Financial Group lowered their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.