Core Natural Resources, Inc. $CNR is GeoSphere Capital Management LLC’s 3rd Largest Position

GeoSphere Capital Management LLC boosted its stake in Core Natural Resources, Inc. (NYSE:CNR) by 41.7% in the fourth quarter, Holdings Channel reports. The fund owned 85,000 shares of the energy company’s stock after buying an additional 25,000 shares during the quarter. Core Natural Resources makes up about 2.5% of GeoSphere Capital Management LLC’s holdings, making the stock its 3rd biggest holding. GeoSphere Capital Management LLC’s holdings in Core Natural Resources were worth $7,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in Core Natural Resources in the 3rd quarter worth approximately $4,369,000. Krilogy Financial LLC purchased a new position in Core Natural Resources in the 3rd quarter worth approximately $1,031,000. Victory Capital Management Inc. boosted its holdings in Core Natural Resources by 2.2% in the 3rd quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after acquiring an additional 12,515 shares during the period. Old West Investment Management LLC purchased a new position in Core Natural Resources in the 3rd quarter worth approximately $8,724,000. Finally, Hosking Partners LLP boosted its holdings in Core Natural Resources by 211.5% in the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after acquiring an additional 47,315 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $97.66, for a total value of $97,660.00. Following the sale, the chief accounting officer directly owned 5,190 shares of the company’s stock, valued at $506,855.40. This trade represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James A. Brock sold 40,760 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the sale, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This represents a 28.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,560 shares of company stock valued at $5,118,890 over the last three months. Company insiders own 2.49% of the company’s stock.

Core Natural Resources Stock Performance

Shares of CNR opened at $84.12 on Monday. The business’s fifty day moving average price is $93.69 and its 200 day moving average price is $90.18. Core Natural Resources, Inc. has a 12-month low of $64.15 and a 12-month high of $114.80. The stock has a market capitalization of $4.24 billion, a PE ratio of -68.95 and a beta of 0.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The firm had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted $3.39 earnings per share. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. Equities research analysts forecast that Core Natural Resources, Inc. will post 1.7 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is -32.79%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CNR shares. UBS Group upped their price target on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.67.

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.