Encompass Capital Advisors LLC grew its stake in shares of Core Natural Resources, Inc. (NYSE:CNR – Free Report) by 122.2% during the first quarter, HoldingsChannel reports. The firm owned 500,000 shares of the energy company’s stock after purchasing an additional 275,000 shares during the quarter. Core Natural Resources accounts for approximately 1.6% of Encompass Capital Advisors LLC’s holdings, making the stock its 16th biggest position. Encompass Capital Advisors LLC’s holdings in Core Natural Resources were worth $52,365,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of CNR. GeoSphere Capital Management LLC boosted its position in Core Natural Resources by 41.7% during the 4th quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock valued at $7,523,000 after acquiring an additional 25,000 shares in the last quarter. Hosking Partners LLP raised its position in shares of Core Natural Resources by 211.5% in the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after acquiring an additional 47,315 shares in the last quarter. Nwam LLC bought a new position in shares of Core Natural Resources in the 4th quarter worth approximately $3,112,000. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Core Natural Resources by 6.1% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock valued at $26,794,000 after purchasing an additional 17,368 shares during the period. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Core Natural Resources in the 4th quarter valued at approximately $9,070,000. 86.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CNR. UBS Group reduced their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Core Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of $112.50.
Core Natural Resources Trading Down 0.9%
Core Natural Resources stock opened at $82.45 on Tuesday. Core Natural Resources, Inc. has a one year low of $68.78 and a one year high of $114.80. The business’s fifty day moving average is $85.60 and its 200 day moving average is $90.72. The stock has a market capitalization of $4.16 billion, a PE ratio of -67.58 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21.
Core Natural Resources (NYSE:CNR – Get Free Report) last issued its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The business had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.Core Natural Resources’s revenue was up 94.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.39 EPS. On average, sell-side analysts predict that Core Natural Resources, Inc. will post 2.45 EPS for the current year.
Core Natural Resources Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is currently -32.79%.
Core Natural Resources Profile
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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