68,143 Shares in Core Natural Resources, Inc. $CNR Purchased by Marnell Management LLC

Marnell Management LLC acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 68,143 shares of the energy company’s stock, valued at approximately $6,031,000. Core Natural Resources accounts for approximately 2.9% of Marnell Management LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in CNR. Royal Bank of Canada purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $2,037,000. AQR Capital Management LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $2,413,000. NewEdge Advisors LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $1,223,000. Finally, United Services Automobile Association purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $256,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Price Performance

CNR stock opened at $91.92 on Monday. The firm has a 50 day moving average of $89.82 and a 200-day moving average of $91.24. Core Natural Resources, Inc. has a 12-month low of $64.57 and a 12-month high of $114.80. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -75.34 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $3.39 EPS. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. As a group, equities analysts expect that Core Natural Resources, Inc. will post 1.7 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is presently -32.79%.

Insider Buying and Selling

In other news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total transaction of $97,660.00. Following the completion of the sale, the chief accounting officer directly owned 5,190 shares in the company, valued at approximately $506,855.40. This trade represents a 16.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James A. Brock sold 40,760 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the sale, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. The trade was a 28.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CNR has been the topic of a number of analyst reports. UBS Group lifted their price objective on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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.