Hourglass Capital LLC Acquires 8,280 Shares of Core Natural Resources, Inc. $CNR

Hourglass Capital LLC boosted its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,195 shares of the energy company’s stock after purchasing an additional 8,280 shares during the quarter. Core Natural Resources comprises 2.4% of Hourglass Capital LLC’s investment portfolio, making the stock its 7th largest holding. Hourglass Capital LLC’s holdings in Core Natural Resources were worth $11,081,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Core Natural Resources by 27.7% during the second quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after buying an additional 111,331 shares during the period. Magnolia Group LLC grew its holdings in shares of Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after buying an additional 17,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Core Natural Resources in the 3rd quarter valued at about $4,369,000. Osaic Holdings Inc. increased its position in Core Natural Resources by 711.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after acquiring an additional 25,087 shares during the period. Finally, Villanova Investment Management Co LLC raised its stake in Core Natural Resources by 165.8% during the 2nd quarter. Villanova Investment Management Co LLC now owns 21,960 shares of the energy company’s stock valued at $1,531,000 after acquiring an additional 13,698 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Trading Up 4.2%

NYSE CNR opened at $113.27 on Friday. The stock has a market capitalization of $5.75 billion, a P/E ratio of -37.63 and a beta of 0.34. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $113.57. The firm has a 50-day moving average price of $94.79 and a 200 day moving average price of $88.43. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $996.54 million. During the same period in the prior year, the firm posted $1.04 EPS. Core Natural Resources’s revenue for the quarter was up 81.8% compared to the same quarter last year. Equities research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

Insider Activity at Core Natural Resources

In other Core Natural Resources news, CEO James A. Brock sold 40,760 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the transaction, the chief executive officer owned 100,000 shares in the company, valued at approximately $10,115,000. This represents a 28.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total value of $97,660.00. Following the completion of the sale, the chief accounting officer directly owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This trade represents a 16.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,560 shares of company stock worth $5,118,890 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, UBS Group increased their price target on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

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