Comerica Bank Takes $1.94 Million Position in Core Natural Resources, Inc. $CNR

Comerica Bank acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,126 shares of the energy company’s stock, valued at approximately $1,937,000.

Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $33,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Down 3.5%

NYSE CNR opened at $71.67 on Wednesday. The firm has a market cap of $3.69 billion, a PE ratio of 32.88 and a beta of 0.76. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The stock’s 50 day simple moving average is $73.63 and its 200 day simple moving average is $72.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources’s dividend payout ratio is currently 18.35%.

Analysts Set New Price Targets

CNR has been the topic of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Benchmark decreased their price target on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. B. Riley decreased their price target on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Finally, UBS Group restated a “buy” rating and set a $86.00 price target (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Core Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.80.

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.