Wealth High Governance Asset Management Ltda. Takes $3.75 Million Position in Core Natural Resources, Inc. $CNR

Wealth High Governance Asset Management Ltda. bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 35,858 shares of the energy company’s stock, valued at approximately $3,755,000. Core Natural Resources comprises 1.3% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also made changes to their positions in CNR. Triumph Capital Management acquired a new stake in shares of Core Natural Resources during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Core Natural Resources by 84.9% in the second 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. CWM LLC boosted its holdings in Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. First Horizon Corp increased its stake in Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after purchasing an additional 165 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Core Natural Resources during the fourth quarter valued at $38,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. UBS Group lowered their price objective on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

Core Natural Resources Trading Down 0.2%

Shares of NYSE:CNR opened at $79.69 on Monday. The company has a 50 day moving average of $85.27 and a 200-day moving average of $90.29. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.02 billion, a P/E ratio of -65.32 and a beta of 0.14. Core Natural Resources, Inc. has a twelve month low of $68.78 and a twelve month high of $114.80.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.13. The company had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same period last year, the firm earned $3.39 EPS. As a group, analysts anticipate that Core Natural Resources, Inc. will post 2.45 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s payout ratio is -32.79%.

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.