SG Americas Securities LLC Increases Holdings in Core Natural Resources, Inc. $CNR

SG Americas Securities LLC lifted its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 241.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,611 shares of the energy company’s stock after purchasing an additional 26,598 shares during the quarter. SG Americas Securities LLC owned 0.07% of Core Natural Resources worth $3,939,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GeoSphere Capital Management LLC increased its holdings in shares of Core Natural Resources by 41.7% in the 4th quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock worth $7,523,000 after buying an additional 25,000 shares during the last quarter. Nwam LLC bought a new stake in shares of Core Natural Resources during the 4th quarter worth $3,112,000. Hosking Partners LLP lifted its holdings in shares of Core Natural Resources by 211.5% during the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after acquiring an additional 47,315 shares during the last quarter. Victory Capital Management Inc. grew its position in Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after acquiring an additional 12,515 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in Core Natural Resources by 6.1% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock worth $26,794,000 after acquiring an additional 17,368 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $79.45 on Tuesday. The stock has a market cap of $4.00 billion, a PE ratio of -65.12 and a beta of 0.14. The company’s fifty day moving average is $87.29 and its 200 day moving average is $91.46. Core Natural Resources, Inc. has a 52 week low of $64.57 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.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping 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 business had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. Research analysts anticipate that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. UBS Group upped their price objective on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

Core Natural Resources 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.