Prudential Financial Inc. Buys 208 Shares of Arch Coal Inc (NYSE:ARCH)

Prudential Financial Inc. boosted its stake in shares of Arch Coal Inc (NYSE:ARCH) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,085 shares of the energy company’s stock after acquiring an additional 208 shares during the period. Prudential Financial Inc. owned 0.80% of Arch Coal worth $12,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ARCH. Wealthcare Advisory Partners LLC bought a new position in Arch Coal during the 2nd quarter worth $32,000. Financial Gravity Wealth Inc. bought a new position in shares of Arch Coal in the 2nd quarter valued at $60,000. Ontario Teachers Pension Plan Board bought a new position in shares of Arch Coal in the 1st quarter valued at $213,000. Ibex Investors LLC bought a new position in shares of Arch Coal in the 2nd quarter valued at $228,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Arch Coal by 34.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,502 shares of the energy company’s stock valued at $237,000 after purchasing an additional 635 shares during the last quarter.

Shares of ARCH traded up $0.48 during midday trading on Friday, hitting $76.64. The company’s stock had a trading volume of 249,511 shares, compared to its average volume of 201,651. The company has a quick ratio of 2.12, a current ratio of 2.67 and a debt-to-equity ratio of 0.42. Arch Coal Inc has a one year low of $72.30 and a one year high of $101.92. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 4.31 and a beta of 0.38. The company’s fifty day simple moving average is $79.85 and its two-hundred day simple moving average is $88.42.

Arch Coal (NYSE:ARCH) last released its quarterly earnings data on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.30. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The company had revenue of $570.22 million for the quarter, compared to the consensus estimate of $558.75 million. During the same quarter last year, the business posted $2.06 EPS. Arch Coal’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts predict that Arch Coal Inc will post 15.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 29th. Arch Coal’s dividend payout ratio (DPR) is 11.88%.

In other news, Director Holly K. Koeppel acquired 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $89.02 per share, with a total value of $195,844.00. Following the acquisition, the director now directly owns 2,200 shares in the company, valued at approximately $195,844. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

ARCH has been the topic of several recent analyst reports. Jefferies Financial Group lowered Arch Coal from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $80.00 in a research note on Tuesday, August 6th. Zacks Investment Research lowered Arch Coal from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. ValuEngine lowered Arch Coal from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. B. Riley set a $116.00 price target on Arch Coal and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets upgraded Arch Coal from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $105.00 to $100.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $104.17.

Arch Coal Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Institutional Ownership by Quarter for Arch Coal (NYSE:ARCH)

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