Core Natural Resources, Inc. $CNR Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Core Natural Resources, Inc. (NYSE:CNRFree Report) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,669,844 shares of the energy company’s stock after acquiring an additional 39,557 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Core Natural Resources worth $501,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNR. State Street Corp increased its holdings in shares of Core Natural Resources by 10.2% during the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after buying an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Core Natural Resources by 10,023.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after purchasing an additional 292,799 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Core Natural Resources in the 4th quarter valued at approximately $22,741,000. First Trust Advisors LP increased its holdings in Core Natural Resources by 619.5% in the 2nd quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after purchasing an additional 230,275 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Core Natural Resources by 48.9% in the 2nd quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after purchasing an additional 192,136 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Trading Up 0.3%

NYSE:CNR opened at $88.45 on Wednesday. The stock has a fifty day moving average price of $94.78 and a two-hundred day moving average price of $90.08. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of -29.38 and a beta of 0.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. Core Natural Resources, Inc. has a 1 year low of $63.36 and a 1 year high of $114.80.

Core Natural Resources (NYSE:CNRGet Free Report) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company’s revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. As a group, sell-side analysts anticipate that Core Natural Resources, Inc. will post 1.7 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is -13.29%.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value of $550,200.00. Following the completion of the transaction, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This trade represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James A. Brock sold 40,760 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 51,560 shares of company stock valued at $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. UBS Group lifted their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Get Our Latest Analysis on Core Natural Resources

About Core Natural Resources

(Free Report)

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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Institutional Ownership by Quarter for Core Natural Resources (NYSE:CNR)

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