Louisiana State Employees Retirement System Has $1.63 Million Position in Core Natural Resources, Inc. $CNR

Louisiana State Employees Retirement System lowered its position in Core Natural Resources, Inc. (NYSE:CNR) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,400 shares of the energy company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Core Natural Resources were worth $1,632,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CNR. Farther Finance Advisors LLC acquired a new stake in Core Natural Resources in the first quarter valued at $30,000. Yousif Capital Management LLC bought a new position in shares of Core Natural Resources in the first quarter valued at about $1,419,000. GAMMA Investing LLC bought a new position in shares of Core Natural Resources in the first quarter valued at about $97,000. Ritholtz Wealth Management bought a new position in shares of Core Natural Resources in the first quarter valued at about $897,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Core Natural Resources in the first quarter valued at about $2,938,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $90.00 to $125.00 in a research report on Friday. UBS Group increased their price objective on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley lowered their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.10.

Core Natural Resources Price Performance

NYSE:CNR opened at $96.55 on Monday. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 44.29 and a beta of 0.70. The firm’s 50-day simple moving average is $77.78 and its 200 day simple moving average is $74.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources’s dividend payout ratio is presently 18.35%.

Insiders Place Their Bets

In other Core Natural Resources news, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the sale, the director directly owned 21,830 shares in the company, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO John Rothka sold 1,000 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,043 shares of company stock worth $740,524 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.