Krilogy Financial LLC Invests $1.03 Million in Core Natural Resources, Inc. $CNR

Krilogy Financial LLC acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 13,283 shares of the energy company’s stock, valued at approximately $1,031,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings in 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 valued at $221,044,000 after purchasing an additional 294,312 shares during the period. Geode Capital Management LLC boosted its stake in Core Natural Resources by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after buying an additional 20,541 shares during the period. Magnolia Group LLC boosted its stake in Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after buying an additional 17,500 shares during the period. Bank of America Corp DE grew 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 worth $40,807,000 after buying an additional 192,136 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Core Natural Resources by 27.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after acquiring an additional 111,331 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CNR shares. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Core Natural Resources has an average rating of “Moderate Buy” and an average price target of $111.38.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock opened at $90.05 on Friday. The firm has a market capitalization of $4.61 billion, a PE ratio of -209.40 and a beta of 0.34. 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 $103.50. The business’s 50-day moving average price is $91.28 and its 200-day moving average price is $83.82.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($1.19). Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm had revenue of $1.04 billion during the quarter. During the same period in the prior year, the company posted $1.04 earnings per share. Core Natural Resources’s quarterly revenue was up 81.8% compared to the same quarter last year. Sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) 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.