Insider Selling: Core Natural Resources (NYSE:CNR) CEO Sells $4,122,874.00 in Stock

Core Natural Resources, Inc. (NYSE:CNR) CEO James Brock sold 40,760 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the transaction, the chief executive officer owned 100,000 shares of the company’s stock, valued at $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Core Natural Resources Stock Performance

Shares of CNR opened at $106.95 on Friday. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $113.57. The stock has a market cap of $5.43 billion, a P/E ratio of -35.53 and a beta of 0.34. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $93.63 and a two-hundred day moving average of $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 the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $996.54 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 81.8% compared to the same quarter last year. As a group, research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 2nd. Core Natural Resources’s dividend payout ratio is -13.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNR. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. UBS Group lifted their price objective on 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CNR. JPMorgan Chase & Co. lifted its position in Core Natural Resources by 27.7% during the second 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 period. Magnolia Group LLC grew its holdings in Core Natural Resources by 2.4% in the 3rd 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 during the period. Y Intercept Hong Kong Ltd purchased a new stake in Core Natural Resources in the 3rd quarter valued at about $4,369,000. Geode Capital Management LLC increased its stake in shares of Core Natural Resources by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after acquiring an additional 20,541 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Core Natural Resources by 711.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after acquiring an additional 25,087 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.