Moran Wealth Management LLC Purchases 8,104 Shares of Core Natural Resources, Inc. $CNR

Moran Wealth Management LLC boosted its position in Core Natural Resources, Inc. (NYSE:CNR) by 33.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,515 shares of the energy company’s stock after acquiring an additional 8,104 shares during the quarter. Moran Wealth Management LLC owned 0.06% of Core Natural Resources worth $3,405,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Core Natural Resources by 0.7% during 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 in the last quarter. State Street Corp boosted its holdings in shares of Core Natural Resources by 7.8% during 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. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Core Natural Resources during the 4th quarter valued at $86,297,000. Charles Schwab Investment Management Inc. grew its position in Core Natural Resources by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock worth $66,491,000 after acquiring an additional 40,383 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Core Natural Resources by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock worth $54,461,000 after acquiring an additional 139,188 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNR has been the subject of several recent research reports. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. UBS Group cut their target price on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $79.36 on Monday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -65.05 and a beta of 0.15. Core Natural Resources, Inc. has a 52 week low of $67.77 and a 52 week high of $114.80. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $86.63 and a 200-day moving average of $91.28.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business earned $3.39 earnings per share. The business’s quarterly revenue was up 94.7% compared to the same quarter last year. On average, equities analysts forecast that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is presently -32.79%.

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.