Advisors Asset Management Inc. Sells 17,934 Shares of Core Natural Resources, Inc. $CNR

Advisors Asset Management Inc. reduced its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 60.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,846 shares of the energy company’s stock after selling 17,934 shares during the quarter. Advisors Asset Management Inc.’s holdings in Core Natural Resources were worth $989,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CNR. AdvisorNet Financial Inc lifted its position in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Core Natural Resources during the third quarter worth approximately $31,000. Princeton Global Asset Management LLC bought a new stake in shares of Core Natural Resources in the third quarter valued at approximately $43,000. Finally, Financial Consulate Inc. bought a new stake in shares of Core Natural Resources in the third quarter valued at approximately $43,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Down 5.1%

Shares of CNR stock opened at $86.82 on Wednesday. The stock has a market cap of $4.45 billion, a P/E ratio of -28.84 and a beta of 0.34. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $103.50. The stock has a fifty day moving average price of $91.71 and a 200 day moving average price of $84.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.29.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) 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 the consensus estimate of $996.54 million. During the same period last year, the firm earned $1.04 EPS. The company’s quarterly revenue was up 81.8% compared to the same quarter last year. Analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

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 paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s payout ratio is presently -13.29%.

Analysts Set New Price Targets

CNR has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and a consensus price target of $111.38.

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.