Skylands Capital LLC Decreases Stake in Core Natural Resources, Inc. (NYSE:CNR)

Skylands Capital LLC lowered its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,905 shares of the energy company’s stock after selling 65,385 shares during the quarter. Core Natural Resources makes up approximately 3.3% of Skylands Capital LLC’s holdings, making the stock its 5th biggest holding. Skylands Capital LLC owned about 0.91% of Core Natural Resources worth $23,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Core Natural Resources during the 3rd quarter worth approximately $50,000. AdvisorNet Financial Inc bought a new stake in shares of Core Natural Resources during the fourth quarter worth approximately $64,000. Finally, KBC Group NV lifted its holdings in Core Natural Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Trading Down 5.2 %

Shares of Core Natural Resources stock opened at $77.56 on Monday. The stock has a market cap of $2.28 billion, a P/E ratio of 8.07 and a beta of 1.74. Core Natural Resources, Inc. has a 12-month low of $74.74 and a 12-month high of $134.59. The business’s 50 day moving average is $124.67 and its 200-day moving average is $136.91. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The company had revenue of $595.29 million for the quarter, compared to analysts’ expectations of $493.50 million. Equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio is 4.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CNR. Benchmark upped their target price on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com assumed coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.83.

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.