Encompass Capital Advisors LLC Makes New $33.13 Million Investment in Warrior Met Coal $HCC

Encompass Capital Advisors LLC purchased a new position in Warrior Met Coal (NYSE:HCC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 375,791 shares of the company’s stock, valued at approximately $33,133,000. Warrior Met Coal makes up approximately 1.4% of Encompass Capital Advisors LLC’s holdings, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC increased its position in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal in the fourth quarter worth about $37,000. Finally, Jones Financial Companies Lllp increased its position in Warrior Met Coal by 4,337.5% in the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of analyst reports. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. UBS Group cut their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. B. Riley Financial increased their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.40.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $95.29 on Thursday. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $110.39. The stock has a 50-day moving average price of $91.25 and a 200 day moving average price of $89.63. The stock has a market capitalization of $5.03 billion, a P/E ratio of 36.37 and a beta of 0.62.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter in the prior year, the business posted ($0.16) EPS. The business’s revenue for the quarter was up 52.9% compared to the same quarter last year. Equities research analysts forecast that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 12.21%.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.