NWF Advisory Services Inc. Decreases Stock Position in Core Natural Resources, Inc. $CNR

NWF Advisory Services Inc. lessened its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 85.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,465 shares of the energy company’s stock after selling 33,340 shares during the period. NWF Advisory Services Inc.’s holdings in Core Natural Resources were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Corebridge Financial Inc. purchased a new position in Core Natural Resources during the 1st quarter valued at approximately $2,112,000. JPMorgan Chase & Co. boosted its position in shares of Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after acquiring an additional 111,331 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Core Natural Resources in the first quarter valued at $334,000. Canada Pension Plan Investment Board purchased a new position in shares of Core Natural Resources in the first quarter valued at $3,889,000. Finally, LPL Financial LLC bought a new stake in Core Natural Resources in the first quarter worth $1,475,000. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Richard A. Navarre sold 5,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total value of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares in the company, valued at approximately $1,794,426. This represents a 18.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director owned 23,348 shares in the company, valued at approximately $1,799,430.36. This represents a 11.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,043 shares of company stock valued at $740,524 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. UBS Group increased their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and upped their price objective for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Core Natural Resources presently has an average rating of “Moderate Buy” and a consensus price target of $119.10.

Core Natural Resources Trading Up 0.1%

Shares of CNR opened at $85.08 on Tuesday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of -197.85 and a beta of 0.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $117.04. The company has a 50-day moving average of $84.36 and a 200 day moving average of $77.76.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, November 28th. Core Natural Resources’s dividend payout ratio (DPR) is presently -93.02%.

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.