Wedge Capital Management L L P NC Purchases 6,139 Shares of Core Natural Resources, Inc. $CNR

Wedge Capital Management L L P NC raised its position in Core Natural Resources, Inc. (NYSE:CNR) by 28.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,399 shares of the energy company’s stock after purchasing an additional 6,139 shares during the quarter. Wedge Capital Management L L P NC owned 0.05% of Core Natural Resources worth $2,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNR. Triumph Capital Management acquired a new position in shares of Core Natural Resources during the third quarter worth about $25,000. First Horizon Corp grew its holdings in shares of Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after buying an additional 165 shares in the last quarter. CWM LLC raised its position in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 valued at $29,000 after buying an additional 191 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Core Natural Resources in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CNR shares. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, UBS Group reduced their target price on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $112.50.

Core Natural Resources Stock Up 2.6%

CNR stock opened at $95.90 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.76 billion, a PE ratio of 48.19 and a beta of 0.14. Core Natural Resources, Inc. has a 1-year low of $68.78 and a 1-year high of $114.80. The business’s 50 day simple moving average is $84.78 and its 200 day simple moving average is $89.74.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.91. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%.The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, research analysts anticipate that Core Natural Resources, Inc. will post 2.96 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio is presently 20.10%.

Core Natural Resources 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.