Core Natural Resources, Inc. (NYSE:CNR) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in Core Natural Resources, Inc. (NYSE:CNR) by 57.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 413 shares of the energy company’s stock after selling 565 shares during the period. Blue Trust Inc.’s holdings in Core Natural Resources were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Core Natural Resources by 40.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company’s stock worth $12,555,000 after buying an additional 25,306 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Core Natural Resources by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock valued at $1,243,000 after acquiring an additional 100 shares during the last quarter. Financial Strategies Group Inc. increased its stake in shares of Core Natural Resources by 15.0% in the fourth quarter. Financial Strategies Group Inc. now owns 3,145 shares of the energy company’s stock worth $421,000 after acquiring an additional 411 shares during the period. KBC Group NV raised its holdings in shares of Core Natural Resources by 42.0% during the fourth quarter. KBC Group NV now owns 808 shares of the energy company’s stock worth $114,000 after purchasing an additional 239 shares during the last quarter. Finally, Trium Capital LLP acquired a new position in Core Natural Resources during the fourth quarter valued at $21,109,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $75.78 on Tuesday. The company has a 50-day simple moving average of $124.67 and a 200-day simple moving average of $136.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company has a market cap of $2.23 billion, a PE ratio of 7.89 and a beta of 1.74. Core Natural Resources, Inc. has a 12 month low of $74.45 and a 12 month high of $134.59.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The company had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s payout ratio is 4.16%.

Analysts Set New Price Targets

Several analysts have commented on CNR shares. B. Riley dropped their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com started coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating on the stock. Finally, Benchmark increased their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.50.

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.