Core Natural Resources, Inc. Announces Quarterly Dividend of $0.10 (NYSE:CNR)

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.10 per share by the energy company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd.

Core Natural Resources has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $17.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 2.3%.

Core Natural Resources Trading Down 2.8%

Shares of NYSE:CNR opened at $90.05 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $103.50. The company has a market cap of $4.61 billion, a P/E ratio of -209.40 and a beta of 0.34. The stock’s fifty 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 for the quarter, missing analysts’ consensus estimates of ($0.35) by ($1.19). The business had revenue of $1.04 billion during the quarter. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The business’s revenue was up 81.8% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Sell-side analysts expect that Core Natural Resources will post 11.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CNR. Triumph Capital Management purchased a new position in Core Natural Resources during the third quarter valued at $25,000. AdvisorNet Financial Inc raised its stake in shares of Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after buying an additional 284 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares in the last quarter. CWM LLC grew its stake in shares of Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of Core Natural Resources during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.