Moran Wealth Management LLC Sells 50,591 Shares of Core Natural Resources, Inc. $CNR

Moran Wealth Management LLC decreased its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 73.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,429 shares of the energy company’s stock after selling 50,591 shares during the period. Moran Wealth Management LLC’s holdings in Core Natural Resources were worth $1,285,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources during the first quarter worth about $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources during the 1st quarter valued at about $30,000. TruNorth Capital Management LLC bought a new stake in Core Natural Resources during the 1st quarter worth approximately $33,000. US Bancorp DE purchased a new stake in shares of Core Natural Resources in the first quarter worth approximately $47,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Core Natural Resources in the first quarter worth approximately $57,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Core Natural Resources

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director owned 23,348 shares in the company, valued at $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total value of $411,000.00. Following the sale, the director directly owned 21,830 shares in the company, valued at $1,794,426. This trade represents a 18.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,043 shares of company stock worth $740,524. 1.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CNR shares. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. B. Riley cut their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. UBS Group upped their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Core Natural Resources in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.10.

Core Natural Resources Stock Performance

Shares of CNR opened at $91.34 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 debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. The stock’s fifty day moving average price is $79.00 and its two-hundred day moving average price is $74.60. The firm has a market cap of $4.70 billion, a PE ratio of 41.90 and a beta of 0.70.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a dividend of $0.10 per share. This represents a dividend yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources’s dividend payout ratio is presently 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.