Core Natural Resources, Inc. (NYSE:CNR) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 226.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 245 shares of the energy company’s stock after acquiring an additional 170 shares during the period. Jones Financial Companies Lllp’s holdings in Core Natural Resources were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNR. KBC Group NV lifted its holdings in Core Natural Resources by 33.2% in the 3rd quarter. KBC Group NV now owns 1,019 shares of the energy company’s stock valued at $107,000 after acquiring an additional 254 shares during the last quarter. Royce & Associates LP lifted its holdings in Core Natural Resources by 137.2% in the 3rd quarter. Royce & Associates LP now owns 10,817 shares of the energy company’s stock valued at $1,494,000 after acquiring an additional 6,256 shares during the last quarter. Quest Partners LLC acquired a new stake in Core Natural Resources in the 3rd quarter valued at about $104,000. Avior Wealth Management LLC purchased a new stake in Core Natural Resources during the third quarter valued at about $145,000. Finally, Alpine Associates Management Inc. purchased a new stake in Core Natural Resources during the third quarter valued at about $8,404,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com assumed coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. Finally, B. Riley reduced their price objective on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Core Natural Resources Trading Up 4.7 %

NYSE:CNR opened at $75.46 on Wednesday. The stock’s 50 day moving average price is $101.25 and its 200 day moving average price is $130.41. Core Natural Resources, Inc. has a 52 week low of $66.54 and a 52 week high of $134.59. The company has a market capitalization of $4.08 billion, a P/E ratio of 7.85 and a beta of 1.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

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

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Core Natural Resources’s dividend payout ratio is currently 4.16%.

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.