Hodges Capital Management Inc. Buys New Holdings in Core Natural Resources, Inc. $CNR

Hodges Capital Management Inc. purchased a new position in Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, HoldingsChannel reports. The fund purchased 22,800 shares of the energy company’s stock, valued at approximately $2,388,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNR. Triumph Capital Management purchased a new stake in Core Natural Resources during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the last quarter. CWM LLC boosted its position in shares of Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Core Natural Resources during the fourth quarter worth $38,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Core Natural Resources by 11,140.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CNR shares. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. UBS Group cut their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Core Natural Resources has an average rating of “Moderate Buy” and an average price target of $111.67.

Core Natural Resources Trading Up 1.9%

CNR opened at $80.85 on Tuesday. The firm has a market cap of $4.08 billion, a P/E ratio of -66.27 and a beta of 0.15. Core Natural Resources, Inc. has a 12 month low of $67.77 and a 12 month high of $114.80. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $86.50 and a 200 day moving average of $91.26.

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

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders 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 currently -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.