Core Natural Resources (NYSE:CNR) CAO Sells $97,660.00 in Stock

Core Natural Resources, Inc. (NYSE:CNR) CAO John Rothka sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total value of $97,660.00. Following the sale, the chief accounting officer owned 5,190 shares in the company, valued at approximately $506,855.40. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Rothka also recently made the following trade(s):

• On Tuesday, March 10th, John Rothka sold 3,800 shares of Core Natural Resources stock. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00.

Core Natural Resources Stock Performance

NYSE CNR opened at $106.95 on Friday. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $113.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The stock has a market capitalization of $5.43 billion, a PE ratio of -35.53 and a beta of 0.34. The company’s 50 day simple moving average is $93.63 and its two-hundred day simple moving average is $87.27.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The firm’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. UBS Group upped their price objective on shares of Core Natural Resources from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.25.

Institutional Investors Weigh In On Core Natural Resources

A number of large investors have recently added to or reduced their stakes in CNR. JPMorgan Chase & Co. lifted its position in Core Natural Resources by 27.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after buying an additional 111,331 shares during the last quarter. Magnolia Group LLC grew its position in Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after acquiring an additional 17,500 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Core Natural Resources during the third quarter worth approximately $4,369,000. Osaic Holdings Inc. raised its stake in shares of Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after acquiring an additional 25,087 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 20,541 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.