Magnolia Group LLC Has $61.11 Million Stock Holdings in Core Natural Resources, Inc. $CNR

Magnolia Group LLC grew its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 2.4% in the third quarter, Holdings Channel reports. The fund owned 732,000 shares of the energy company’s stock after buying an additional 17,500 shares during the quarter. Core Natural Resources makes up about 9.7% of Magnolia Group LLC’s portfolio, making the stock its 5th biggest position. Magnolia Group LLC’s holdings in Core Natural Resources were worth $61,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after buying an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Core Natural Resources by 10,023.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after buying an additional 292,799 shares during the period. First Trust Advisors LP lifted its position in Core Natural Resources by 619.5% in the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock worth $18,652,000 after buying an additional 230,275 shares during the last quarter. Bank of America Corp DE increased its position in Core Natural Resources by 48.9% during the second quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after acquiring an additional 192,136 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Core Natural Resources by 27.7% in the second quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after acquiring an additional 111,331 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNR. UBS Group lifted their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $125.00 in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.38.

Core Natural Resources Stock Down 1.9%

Shares of NYSE CNR opened at $96.16 on Tuesday. The stock has a market capitalization of $4.93 billion, a PE ratio of -226.28 and a beta of 0.33. The company has a current ratio of 1.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $102.93. The stock’s fifty day simple moving average is $86.34 and its two-hundred day simple moving average is $81.55.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company’s revenue was up 74.4% on a year-over-year basis. As a group, analysts expect 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 quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 28th. Core Natural Resources’s dividend payout ratio is currently -93.02%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.