Resources Management Corp CT ADV Sells 19,327 Shares of Core Natural Resources, Inc. $CNR

Resources Management Corp CT ADV reduced its stake in Core Natural Resources, Inc. (NYSE:CNR) by 78.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,193 shares of the energy company’s stock after selling 19,327 shares during the quarter. Resources Management Corp CT ADV’s holdings in Core Natural Resources were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CNR. State Street Corp boosted its position in shares of Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after purchasing an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Core Natural Resources by 10,023.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after purchasing an additional 292,799 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Core Natural Resources in the 4th quarter worth approximately $22,741,000. Thomist Capital Management LP purchased a new position in Core Natural Resources in the 4th quarter worth approximately $20,739,000. Finally, First Trust Advisors LP raised its holdings in Core Natural Resources by 619.5% in the 2nd quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock worth $18,652,000 after acquiring an additional 230,275 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO James A. Brock sold 40,760 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the transaction, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. This represents a 28.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNR. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group boosted their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

Core Natural Resources Price Performance

Shares of CNR opened at $87.58 on Tuesday. Core Natural Resources, Inc. has a 1-year low of $64.57 and a 1-year high of $114.80. The firm has a fifty day simple moving average of $89.49 and a two-hundred day simple moving average of $91.31. 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 firm has a market cap of $4.41 billion, a PE ratio of -71.78 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data 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 firm had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $3.39 EPS. The company’s revenue for the quarter was up 94.7% compared to the same quarter last year. On average, equities analysts anticipate 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 dividend of $0.10 per share. 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 presently -32.79%.

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.