Core Natural Resources, Inc. (NYSE:CNR) Declares Dividend of $0.10

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Investors of record on Monday, June 2nd will be paid a dividend of 0.10 per share by the energy company on Friday, June 13th. This represents a yield of 0.57%. The ex-dividend date is Friday, May 30th.

Core Natural Resources has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Core Natural Resources to earn $17.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.7%.

Core Natural Resources Price Performance

Shares of CNR stock traded down $0.28 during trading on Thursday, hitting $70.46. The company had a trading volume of 324,293 shares, compared to its average volume of 1,016,181. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 7.33 and a beta of 0.69. The stock's 50-day moving average is $72.60 and its two-hundred day moving average is $106.63. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. As a group, analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now directly owns 13,348 shares of the company's stock, valued at $1,005,104.40. The trade was a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNR. Intech Investment Management LLC purchased a new position in Core Natural Resources in the first quarter worth $1,743,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth about $5,113,000. Empowered Funds LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at about $2,387,000. United Services Automobile Association acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $256,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Core Natural Resources in the 1st quarter worth approximately $1,223,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNR has been the topic of a number of analyst reports. B. Riley lowered their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wall Street Zen initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a "hold" rating on the stock. Finally, Benchmark cut their target price 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.00.

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.