Energy Income Partners LLC Grows Stock Holdings in Core Natural Resources, Inc. $CNR

Energy Income Partners LLC raised its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 68.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 223,354 shares of the energy company’s stock after buying an additional 91,100 shares during the quarter. Energy Income Partners LLC’s holdings in Core Natural Resources were worth $23,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Core Natural Resources by 228.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 85,770 shares of the energy company’s stock worth $8,979,000 after buying an additional 59,683 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Core Natural Resources by 11.4% in the 1st quarter. Quantinno Capital Management LP now owns 11,411 shares of the energy company’s stock valued at $1,195,000 after acquiring an additional 1,170 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $670,000. Arrowstreet Capital Limited Partnership purchased a new position in Core Natural Resources in the first quarter worth about $6,240,000. Finally, Sei Investments Co. grew its position in Core Natural Resources by 78.3% in the first quarter. Sei Investments Co. now owns 67,457 shares of the energy company’s stock worth $7,065,000 after acquiring an additional 29,624 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

CNR stock opened at $82.45 on Tuesday. Core Natural Resources, Inc. has a 12 month low of $68.78 and a 12 month high of $114.80. 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 company has a 50-day moving average price of $85.60 and a 200 day moving average price of $90.72. The stock has a market cap of $4.16 billion, a PE ratio of -67.58 and a beta of 0.15.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate 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 company had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $3.39 EPS. The firm’s revenue was up 94.7% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid 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 dividend payout ratio is currently -32.79%.

Analyst Ratings Changes

CNR has been the topic of several analyst reports. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group lowered their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Four 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.50.

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.