Holly K. Koeppel Sells 8,815 Shares of Core Natural Resources, Inc. (NYSE:CNR) Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares in the company, valued at $1,005,104.40. This trade represents a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Core Natural Resources Price Performance

NYSE CNR traded down $3.31 on Wednesday, hitting $74.61. 672,858 shares of the company’s stock were exchanged, compared to its average volume of 1,095,493. The stock has a 50-day moving average of $89.28 and a 200-day moving average of $126.91. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 7.76 and a beta of 1.65. Core Natural Resources, Inc. has a 52 week low of $66.54 and a 52 week high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. Analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. Core Natural Resources’s payout ratio is currently 4.16%.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the 4th quarter valued at $26,000. Fortitude Family Office LLC grew its position in Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CNR shares. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. B. Riley cut their price target on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. StockNews.com began coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating on the stock. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy 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 price target of $147.17.

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.