Louisiana State Employees Retirement System Sells 500 Shares of Core Natural Resources, Inc. $CNR

Louisiana State Employees Retirement System trimmed its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,400 shares of the energy company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Core Natural Resources were worth $1,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CNR. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $30,000. TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $33,000. US Bancorp DE bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $47,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $57,000. 86.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CNR shares. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $125.00 in a research note on Friday. B. Riley lowered their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research note 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 company a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.10.

Core Natural Resources Stock Down 1.2%

Core Natural Resources stock opened at $96.55 on Monday. The stock has a market capitalization of $4.97 billion, a PE ratio of 44.29 and a beta of 0.70. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $77.78 and a 200-day moving average of $74.14.

Core Natural Resources (NYSE:CNR) last released 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). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. On average, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources’s dividend payout ratio is presently 18.35%.

Insider Buying and Selling

In related news, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the transaction, the director owned 21,830 shares in the company, valued at approximately $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John Rothka sold 1,000 shares of the stock in a transaction on Wednesday, October 8th. The stock was 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 of the company’s stock, valued at $979,165. The trade was a 8.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,043 shares of company stock worth $740,524. 2.02% of the stock is owned by insiders.

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.