Blue Trust Inc. Lowers Position in Core Natural Resources, Inc. $CNR

Blue Trust Inc. reduced its stake in Core Natural Resources, Inc. (NYSE:CNR) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,351 shares of the energy company’s stock after selling 257 shares during the quarter. Blue Trust Inc.’s holdings in Core Natural Resources were worth $94,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Core Natural Resources in the 1st quarter valued at $29,000. Farther Finance Advisors LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at $30,000. TruNorth Capital Management LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at $33,000. US Bancorp DE purchased a new stake in Core Natural Resources in the 1st quarter valued at $47,000. Finally, Banque Transatlantique SA purchased a new stake in Core Natural Resources in the 1st quarter valued at $59,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Performance

Shares of CNR opened at $89.65 on Friday. The company has a market cap of $4.61 billion, a PE ratio of 41.12 and a beta of 0.70. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $79.61 and a 200-day moving average price of $74.79. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59.

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

Core Natural Resources Dividend Announcement

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

Insiders Place Their Bets

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director directly owned 23,348 shares of the company’s stock, valued at $1,799,430.36. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the chief accounting officer directly owned 10,307 shares in the company, valued at $979,165. This trade represents 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 valued at $740,524 in the last ninety days. Company insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNR. UBS Group raised their target price on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $125.00 in a research report on Friday, October 10th. B. Riley decreased their target price on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.10.

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.