3,071 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by Private Advisor Group LLC

Private Advisor Group LLC purchased a new position in Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,071 shares of the energy company’s stock, valued at approximately $237,000.

A number of other large investors also recently added to or reduced their stakes in the business. James Investment Research Inc. purchased a new position in Core Natural Resources in the 1st quarter worth approximately $266,000. Victory Capital Management Inc. bought a new stake in Core Natural Resources in the 1st quarter worth approximately $42,950,000. SBI Securities Co. Ltd. bought a new stake in Core Natural Resources in the 1st quarter worth approximately $29,000. TruNorth Capital Management LLC bought a new stake in Core Natural Resources in the 1st quarter worth approximately $33,000. Finally, Magnolia Group LLC bought a new stake in Core Natural Resources in the 1st quarter worth approximately $22,899,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNR has been the topic of a number of research reports. UBS Group reduced their price objective on Core Natural Resources from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 3rd. Benchmark reduced their price objective on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, B. Riley reduced their price objective 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Core Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of $118.60.

Core Natural Resources Trading Down 1.4%

Shares of NYSE CNR opened at $72.77 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. The stock has a market capitalization of $3.83 billion, a P/E ratio of 15.04 and a beta of 0.66. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The business has a fifty day moving average price of $72.08 and a 200 day moving average price of $80.13.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($3.12). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. Equities research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a yield of 57.0%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources’s dividend payout ratio is currently 8.26%.

Core Natural Resources 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.