Proficio Capital Partners LLC Buys Shares of 24,149 Core Natural Resources, Inc. (NYSE:CNR)

Proficio Capital Partners LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 24,149 shares of the energy company’s stock, valued at approximately $3,410,000.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning grew its position in shares of Core Natural Resources by 31.3% in the third quarter. Creative Planning now owns 5,208 shares of the energy company’s stock valued at $545,000 after purchasing an additional 1,242 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Core Natural Resources during the third quarter worth about $3,619,000. Foster & Motley Inc. grew its position in Core Natural Resources by 6.9% during the third quarter. Foster & Motley Inc. now owns 17,227 shares of the energy company’s stock worth $1,803,000 after buying an additional 1,105 shares in the last quarter. Spinnaker Trust purchased a new position in Core Natural Resources during the third quarter worth about $341,000. Finally, Financial Strategies Group Inc. grew its position in Core Natural Resources by 49.7% during the third quarter. Financial Strategies Group Inc. now owns 2,734 shares of the energy company’s stock worth $399,000 after buying an additional 908 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Trading Up 1.4 %

NYSE CNR opened at $71.00 on Wednesday. Core Natural Resources, Inc. has a 1-year low of $67.88 and a 1-year high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $114.82 and a 200-day moving average of $134.30. The firm has a market cap of $3.84 billion, a PE ratio of 7.39 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $595.29 million during the quarter, compared to analyst estimates of $493.50 million. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNR shares. StockNews.com started coverage on Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating for the company. B. Riley reduced their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and reduced their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a research note on Tuesday, February 25th. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.17.

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.