Core Natural Resources, Inc. $CNR Shares Sold by Magnolia Group LLC

Magnolia Group LLC trimmed its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 10.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 602,500 shares of the energy company’s stock after selling 67,000 shares during the period. Core Natural Resources accounts for approximately 11.7% of Magnolia Group LLC’s holdings, making the stock its 3rd largest position. Magnolia Group LLC’s holdings in Core Natural Resources were worth $63,100,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CNR. Fruth Investment Management acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at $209,000. Louisiana State Employees Retirement System acquired a new position in Core Natural Resources during the first quarter worth $2,377,000. SG Americas Securities LLC increased its position in Core Natural Resources by 241.5% during the first quarter. SG Americas Securities LLC now owns 37,611 shares of the energy company’s stock worth $3,939,000 after buying an additional 26,598 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Core Natural Resources by 122.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,945 shares of the energy company’s stock valued at $526,000 after buying an additional 3,271 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in Core Natural Resources during the fourth quarter valued at about $1,567,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNR. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group cut their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Core Natural Resources has a consensus rating of “Moderate Buy” and a consensus price target of $111.67.

Core Natural Resources Stock Performance

Shares of CNR opened at $79.36 on Friday. The company has a market capitalization of $4.00 billion, a PE ratio of -65.05 and a beta of 0.15. Core Natural Resources, Inc. has a one year low of $67.77 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21. The company’s fifty day moving average price is $86.83 and its 200 day moving average price is $91.32.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results 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. The company had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.39 earnings per share. As a group, analysts expect that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources Dividend Announcement

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

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.