Louisiana State Employees Retirement System acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 22,700 shares of the energy company’s stock, valued at approximately $2,377,000.
A number of other hedge funds also recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in Core Natural Resources in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC boosted its position in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Core Natural Resources in the fourth quarter worth approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Core Natural Resources by 11,140.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CNR. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Finally, UBS Group increased their target price on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.67.
Core Natural Resources Stock Performance
CNR opened at $79.45 on Tuesday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -65.12 and a beta of 0.14. The company has a fifty day moving average of $87.29 and a 200 day moving average of $91.46. Core Natural Resources, Inc. has a fifty-two week low of $64.57 and a fifty-two week high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.
Core Natural Resources (NYSE:CNR – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned $3.39 EPS. The business’s quarterly revenue was up 94.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.45 earnings per share for the current fiscal year.
Core Natural Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Core Natural Resources’s payout ratio is -32.79%.
Core Natural Resources Company 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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