Core Natural Resources, Inc. $CNR Shares Sold by Covestor Ltd

Covestor Ltd lowered its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 62.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,299 shares of the energy company’s stock after selling 5,391 shares during the period. Covestor Ltd’s holdings in Core Natural Resources were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNR. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Core Natural Resources by 16.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,973 shares of the energy company’s stock valued at $916,000 after purchasing an additional 1,552 shares in the last quarter. Vest Financial LLC grew its stake in shares of Core Natural Resources by 17.4% in the third quarter. Vest Financial LLC now owns 18,511 shares of the energy company’s stock valued at $1,545,000 after buying an additional 2,747 shares in the last quarter. Magnolia Group LLC grew its stake in shares of Core Natural Resources by 2.4% in the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after buying an additional 17,500 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Core Natural Resources by 2.8% during the 3rd quarter. Amalgamated Bank now owns 14,755 shares of the energy company’s stock valued at $1,232,000 after buying an additional 407 shares during the period. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Core Natural Resources by 8.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,696 shares of the energy company’s stock valued at $309,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $101.17 on Thursday. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -235.27 and a beta of 0.33. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $102.93. The company’s 50-day simple moving average is $86.79 and its 200-day simple moving average is $81.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company’s revenue was up 74.4% compared to the same quarter last year. Equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, November 28th. Core Natural Resources’s dividend payout ratio is -93.02%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. UBS Group lifted their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.38.

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.