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

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Stockholders 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 dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, May 30th.

Core Natural Resources has a dividend payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of CNR stock traded up $2.77 during trading hours on Tuesday, reaching $72.76. 672,208 shares of the company's stock were exchanged, compared to its average volume of 1,028,457. The business has a fifty day moving average price of $72.66 and a 200-day moving average price of $107.12. The stock has a market capitalization of $3.83 billion, a P/E ratio of 7.57 and a beta of 0.69. 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 fifty-two week low of $58.19 and a fifty-two week high of $134.59.

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

Insider Activity at Core Natural Resources

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

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Core Natural Resources in the 1st quarter valued at about $5,113,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Core Natural Resources in the 1st quarter valued at about $2,413,000. Empowered Funds LLC bought a new position in Core Natural Resources in the 1st quarter valued at about $2,387,000. Royal Bank of Canada bought a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $2,037,000. Finally, Intech Investment Management LLC bought a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $1,743,000. Institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CNR shares. Wall Street Zen started coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Benchmark decreased their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, B. Riley decreased their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.00.

About Core Natural Resources

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.