Rhumbline Advisers Takes $9.26 Million Position in Core Natural Resources, Inc. $CNR

Rhumbline Advisers purchased a new position in Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 120,123 shares of the energy company’s stock, valued at approximately $9,261,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNR. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources in the first quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new position in shares of Core Natural Resources in the first quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in shares of Core Natural Resources in the first quarter valued at $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at $33,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNR has been the subject of a number of recent analyst reports. B. Riley decreased their price target 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. UBS Group reaffirmed a “buy” rating and issued a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.80.

Core Natural Resources Trading Up 0.2%

NYSE CNR opened at $72.62 on Thursday. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. 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 company has a market capitalization of $3.74 billion, a PE ratio of 33.31 and a beta of 0.76. The firm’s fifty day simple moving average is $74.13 and its 200-day simple moving average is $72.65.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data 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). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, sell-side analysts anticipate 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 announced a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date is Friday, August 29th. Core Natural Resources’s payout ratio is 18.35%.

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.