Core Natural Resources, Inc. $CNR Stock Holdings Lessened by LSV Asset Management

LSV Asset Management trimmed its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 170,261 shares of the energy company’s stock after selling 13,505 shares during the quarter. LSV Asset Management’s holdings in Core Natural Resources were worth $15,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. AlphaQuest LLC grew its position in Core Natural Resources by 4.2% during the 3rd quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock worth $258,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC grew its position in Core Natural Resources by 10.0% during the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock worth $138,000 after purchasing an additional 142 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Core Natural Resources by 6.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock worth $198,000 after purchasing an additional 144 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Core Natural Resources by 18.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the energy company’s stock worth $104,000 after purchasing an additional 190 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 0.1%

Shares of NYSE:CNR opened at $84.12 on Tuesday. The stock has a market capitalization of $4.24 billion, a PE ratio of -68.95 and a beta of 0.14. Core Natural Resources, Inc. has a 1 year low of $64.15 and a 1 year high of $114.80. The firm has a fifty day moving average price of $93.38 and a 200 day moving average price of $90.23. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business’s revenue was up 94.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 EPS. Analysts expect that Core Natural Resources, Inc. will post 1.7 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CNR. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. UBS Group lifted their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.67.

Insider Activity

In other news, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John Rothka sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the completion of the sale, the chief accounting officer directly owned 6,190 shares in the company, valued at approximately $567,127.80. The trade was a 38.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 51,560 shares of company stock valued at $5,118,890. Insiders own 2.49% 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.