Core Natural Resources, Inc. $CNR Shares Sold by Covestor Ltd

Covestor Ltd reduced its stake in Core Natural Resources, Inc. (NYSE:CNR) by 62.0% in the third quarter, HoldingsChannel.com reports. The fund owned 3,299 shares of the energy company’s stock after selling 5,391 shares during the quarter. Covestor Ltd’s holdings in Core Natural Resources were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Core Natural Resources by 1.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock worth $968,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC lifted its stake in Core Natural Resources by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock valued at $118,000 after buying an additional 128 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Core Natural Resources by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock valued at $554,000 after buying an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after acquiring an additional 191 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in shares of Core Natural Resources by 6.5% during the second quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company’s stock worth $237,000 after acquiring an additional 207 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group boosted 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, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.38.

Core Natural Resources Stock Performance

CNR opened at $101.17 on Thursday. The business has a 50 day moving average price of $86.79 and a two-hundred day moving average price of $81.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -235.27 and a beta of 0.33. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $102.93.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.05 billion. The business’s quarterly revenue was up 74.4% compared to the same quarter last year. Research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is currently -93.02%.

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.