SPX Gestao de Recursos Ltda Sells 30,109 Shares of Core Natural Resources, Inc. $CNR

SPX Gestao de Recursos Ltda cut its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,000 shares of the energy company’s stock after selling 30,109 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Core Natural Resources were worth $6,845,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CNR. AdvisorNet Financial Inc raised its holdings in Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after buying an additional 284 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Core Natural Resources in the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC increased its position 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 valued at $29,000 after acquiring an additional 191 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Core Natural Resources in the third quarter valued at about $43,000. Finally, Financial Consulate Inc. bought a new position in shares of Core Natural Resources during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

CNR has been the subject of a number of recent analyst reports. Wall Street Zen lowered Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Core Natural Resources has a consensus rating of “Hold” and an average target price of $111.38.

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock opened at $86.99 on Friday. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $103.50. The firm has a market capitalization of $4.43 billion, a P/E ratio of -28.90 and a beta of 0.34. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $91.98 and a two-hundred day simple moving average of $85.32.

Core Natural Resources (NYSE:CNR) last issued 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 return on equity of 4.05% and a negative net margin of 3.68%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s revenue was up 81.8% compared to the same quarter last year. On average, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 2nd. Core Natural Resources’s payout ratio is currently -13.29%.

Core Natural Resources Company 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.