Encompass Capital Advisors LLC Invests $19.92 Million in Core Natural Resources, Inc. $CNR

Encompass Capital Advisors LLC purchased a new position in Core Natural Resources, Inc. (NYSE:CNR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 225,000 shares of the energy company’s stock, valued at approximately $19,915,000.

Other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Core Natural Resources in the third quarter worth $25,000. CWM LLC raised its holdings in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Core Natural Resources in the fourth quarter worth $38,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Core Natural Resources by 11,140.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $86.86 on Thursday. The company has a market cap of $4.38 billion, a P/E ratio of -71.19 and a beta of 0.14. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. Core Natural Resources, Inc. has a 52 week low of $64.57 and a 52 week high of $114.80. The business has a fifty day simple moving average of $88.78 and a 200-day simple moving average of $91.42.

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

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is currently -32.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. 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 research report on Tuesday, March 24th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.