11,639 Shares in Core Natural Resources, Inc. (NYSE:CNR) Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,639 shares of the energy company's stock, valued at approximately $897,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Core Natural Resources during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Core Natural Resources during the fourth quarter worth $26,000. Farther Finance Advisors LLC acquired a new position in shares of Core Natural Resources during the first quarter worth $30,000. Smartleaf Asset Management LLC lifted its position in shares of Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Core Natural Resources during the first quarter worth $31,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNR. UBS Group began coverage on shares of Core Natural Resources in a report on Wednesday, June 11th. They issued a "buy" rating and a $80.00 price objective on the stock. Benchmark cut their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, B. Riley cut their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus price target of $120.80.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the sale, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is currently owned by insiders.

Core Natural Resources Stock Down 6.7%

CNR traded down $5.05 during trading on Friday, hitting $69.82. The company had a trading volume of 2,107,211 shares, compared to its average volume of 691,839. The company has a market cap of $3.68 billion, a PE ratio of 14.43 and a beta of 0.69. The business has a 50-day moving average of $71.83 and a 200-day moving average of $94.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.10 per share. This represents a yield of 0.57%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's payout ratio is currently 8.26%.

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.