Public Sector Pension Investment Board Buys 10,677 Shares of Core Natural Resources, Inc. $CNR

Public Sector Pension Investment Board lifted its stake in Core Natural Resources, Inc. (NYSE:CNR) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,816 shares of the energy company’s stock after buying an additional 10,677 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Core Natural Resources worth $16,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Magnolia Group LLC raised its stake in Core Natural Resources by 140.6% during the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock worth $49,829,000 after buying an additional 417,500 shares during the period. State Street Corp lifted its position in shares of Core Natural Resources by 10.2% in the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after buying an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Core Natural Resources by 10,023.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after acquiring an additional 292,799 shares during the period. First Trust Advisors LP lifted its holdings in shares of Core Natural Resources by 619.5% during the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock worth $18,652,000 after buying an additional 230,275 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Core Natural Resources by 48.9% in the 2nd quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after acquiring an additional 192,136 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 1.4%

Shares of NYSE CNR opened at $91.31 on Friday. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $103.50. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -30.33 and a beta of 0.34. The business has a 50-day moving average of $91.44 and a 200-day moving average of $83.98.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $996.54 million. During the same period in the prior year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was up 81.8% compared to the same quarter last year. Sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Core Natural Resources’s payout ratio is currently -13.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Four investment 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.38.

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.