Core Natural Resources (NYSE:CNR) Director Sells $550,200.00 in Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Richard Navarre sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Core Natural Resources Trading Up 2.7%

Shares of CNR stock traded up $2.43 during trading hours on Wednesday, reaching $93.78. 147,348 shares of the stock traded hands, compared to its average volume of 801,190. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.78 billion, a PE ratio of -31.00 and a beta of 0.34. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $103.50. The business has a fifty day moving average price of $92.05 and a 200 day moving average price of $85.81.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was up 81.8% on a year-over-year basis. On average, equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

Hedge Funds Weigh In On Core Natural Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Core Natural Resources by 0.7% in 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 last quarter. State Street Corp raised its stake 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 in the last quarter. Geode Capital Management LLC lifted its holdings in 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 worth $86,318,000 after purchasing an additional 20,541 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Core Natural Resources during the fourth quarter worth approximately $86,297,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Core Natural Resources by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock valued at $66,491,000 after purchasing an additional 40,383 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

CNR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Core Natural Resources has a consensus rating of “Hold” and an average 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.