Fox Run Management L.L.C. Boosts Stock Position in Core Natural Resources, Inc. $CNR

Fox Run Management L.L.C. lifted its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 84.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,264 shares of the energy company’s stock after purchasing an additional 2,406 shares during the quarter. Fox Run Management L.L.C.’s holdings in Core Natural Resources were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CNR. SummerHaven Investment Management LLC grew its position in Core Natural Resources by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock valued at $554,000 after acquiring an additional 190 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Core Natural Resources by 6.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company’s stock worth $237,000 after acquiring an additional 207 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Core Natural Resources by 4.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company’s stock valued at $321,000 after purchasing an additional 214 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Core Natural Resources by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,116 shares of the energy company’s stock valued at $566,000 after purchasing an additional 309 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Core Natural Resources during the 1st quarter valued at $29,000. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CNR shares. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a report on Monday. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, B. Riley decreased their price target on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.10.

Core Natural Resources Trading Up 0.5%

CNR opened at $88.00 on Thursday. Core Natural Resources, Inc. has a one year low of $58.19 and a one 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 business has a 50 day simple moving average of $83.40 and a two-hundred day simple moving average of $76.30. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 40.37 and a beta of 0.63.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.Core Natural Resources’s revenue for the quarter was up 74.4% compared to the same quarter last year. Analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is -93.02%.

Insider Transactions at Core Natural Resources

In other news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction dated Wednesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO John Rothka sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. This represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,043 shares of company stock valued at $740,524. Company insiders own 2.02% of the company’s stock.

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.