Core Natural Resources, Inc. $CNR Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 5,135.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,334 shares of the energy company’s stock after purchasing an additional 16,022 shares during the quarter. Fifth Third Bancorp’s holdings in Core Natural Resources were worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. U S Global Investors Inc. acquired a new position in shares of Core Natural Resources during the 1st quarter worth about $325,000. First Horizon Corp raised its position in shares of Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after acquiring an additional 165 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $225,000. Hodges Capital Management Inc. purchased a new stake in Core Natural Resources during the first quarter worth approximately $2,388,000. Finally, Abel Hall LLC boosted its holdings in Core Natural Resources by 6.3% in the first quarter. Abel Hall LLC now owns 3,222 shares of the energy company’s stock valued at $337,000 after purchasing an additional 191 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNR has been the topic of several recent analyst reports. UBS Group dropped their price target on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $112.50.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $87.40 on Thursday. The stock has a market cap of $4.41 billion, a P/E ratio of -71.64 and a beta of 0.15. Core Natural Resources, Inc. has a twelve month low of $68.78 and a twelve month high of $114.80. The stock has a 50 day moving average of $85.56 and a two-hundred day moving average of $90.84. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

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

Core Natural Resources Announces Dividend

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

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.