Core Natural Resources (NYSE:CNR) CEO James Brock Sells 40,760 Shares of Stock

Core Natural Resources, Inc. (NYSE:CNR) CEO James Brock sold 40,760 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Core Natural Resources Stock Up 5.7%

CNR traded up $5.75 on Thursday, hitting $107.29. The company had a trading volume of 2,193,315 shares, compared to its average volume of 867,455. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -35.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The stock has a fifty day moving average price of $93.15 and a 200-day moving average price of $86.79. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $113.57.

Core Natural Resources (NYSE:CNR) last released its quarterly 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. Analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 2nd. Core Natural Resources’s dividend payout ratio (DPR) is -13.29%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Core Natural Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock worth $501,838,000 after buying an additional 39,557 shares during the period. State Street Corp increased its position in shares of Core Natural Resources by 7.8% in the 4th quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock valued at $328,146,000 after acquiring an additional 267,925 shares during the period. Geode Capital Management LLC increased its position in shares of Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after acquiring an additional 20,541 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in Core Natural Resources in the 4th quarter worth $86,297,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Core Natural Resources by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock worth $66,491,000 after acquiring an additional 40,383 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNR shares. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. UBS Group boosted their target price on Core Natural Resources from $105.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Wall Street Zen cut Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Core Natural Resources has a consensus rating of “Hold” and an average price target of $112.25.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.