Texas Permanent School Fund Corp Has $743,000 Stock Position in Core Natural Resources, Inc. $CNR

Texas Permanent School Fund Corp reduced its position in Core Natural Resources, Inc. (NYSE:CNR) by 38.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,650 shares of the energy company’s stock after selling 6,757 shares during the period. Texas Permanent School Fund Corp’s holdings in Core Natural Resources were worth $743,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Core Natural Resources in the first quarter valued at $59,000. Smartleaf Asset Management LLC acquired a new stake in shares of Core Natural Resources in the first quarter worth $69,000. Allworth Financial LP boosted its position in shares of Core Natural Resources by 4,079.3% in the second quarter. Allworth Financial LP now owns 1,212 shares of the energy company’s stock worth $85,000 after buying an additional 1,183 shares during the period. Finally, Resources Management Corp CT ADV purchased a new position in shares of Core Natural Resources during the first quarter valued at $88,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares of the company’s stock, valued at $979,165. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Core Natural Resources Trading Up 0.4%

Shares of NYSE:CNR opened at $89.68 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $4.60 billion, a PE ratio of -208.56 and a beta of 0.40. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $109.61. The firm has a fifty day moving average price of $83.01 and a 200 day moving average price of $78.75.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company’s quarterly revenue was up 74.4% compared to the same quarter last year. Analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.