Core Natural Resources, Inc. $CNR Stock: Magnolia Group LLC Reduces Stake

Magnolia Group LLC lowered its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 39.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 282,517 shares of the energy company’s stock after selling 185,007 shares during the period. Core Natural Resources makes up 8.3% of Magnolia Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Magnolia Group LLC owned about 0.57% of Core Natural Resources worth $24,251,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Signaturefd LLC grew its position in Core Natural Resources by 85.2% during the third quarter. Signaturefd LLC now owns 313 shares of the energy company’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in Core Natural Resources by 132.8% in the 3rd quarter. Financial Management Professionals Inc. now owns 419 shares of the energy company’s stock valued at $36,000 after acquiring an additional 239 shares in the last quarter. Salomon & Ludwin LLC lifted its position in shares of Core Natural Resources by 93.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 529 shares of the energy company’s stock worth $45,000 after acquiring an additional 256 shares during the period. Sterling Capital Management LLC lifted its position in shares of Core Natural Resources by 78.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,260 shares of the energy company’s stock worth $108,000 after acquiring an additional 555 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Core Natural Resources during the 2nd quarter worth approximately $104,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

Shares of NYSE:CNR opened at $83.45 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.71. The firm has a market cap of $4.06 billion, a PE ratio of 53.49 and a beta of 0.24. The business has a fifty day moving average of $89.85 and a 200-day moving average of $90.25. Core Natural Resources, Inc. has a twelve month low of $73.31 and a twelve month high of $114.80.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, November 5th. The energy company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Core Natural Resources had a negative return on equity of 0.59% and a net margin of 1.76%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Core Natural Resources, Inc. will post 2.72 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is presently 25.64%.

Analysts Set New Price Targets

Several research analysts recently commented on CNR shares. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. UBS Group cut shares of Core Natural Resources from a “buy” rating to a “neutral” rating and increased their price objective for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. B. Riley Financial raised their price objective on shares of Core Natural Resources from $118.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $100.00 target price on shares of Core Natural Resources in a research report on Thursday, November 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.00.

About Core Natural Resources

Core Natural Resources, Inc. is a U.S.-based coal producer formed in January 2025 through the merger of Arch Resources and CONSOL Energy. The company mines and sells metallurgical coal, used in steelmaking, and thermal coal, used primarily for electricity generation. Its operations span the Appalachian coalfields of Pennsylvania and West Virginia and the Powder River Basin in Wyoming. Core Natural Resources serves domestic customers and international markets, supplying steel producers and power generators.