Vestcor Inc Purchases New Stake in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Vestcor Inc acquired 45,575 shares of Core Natural Resources, valued at approximately $3.5 million, representing 0.09% ownership in the company as of the latest SEC filing.
• Core Natural Resources recently reported a loss of $1.38 EPS, missing analysts' expectations of $1.74, despite a revenue of $1.02 billion for the quarter.
• The company issued a dividend of $0.10 per share, yielding 0.57%, with a current dividend payout ratio of 8.26%.

Vestcor Inc acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 45,575 shares of the energy company's stock, valued at approximately $3,514,000. Vestcor Inc owned approximately 0.09% of Core Natural Resources at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CNR. Versant Capital Management Inc purchased a new position in Core Natural Resources during the first quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in shares of Core Natural Resources in the 1st quarter worth $29,000. Farther Finance Advisors LLC bought a new position in shares of Core Natural Resources in the 1st quarter worth $30,000. Whipplewood Advisors LLC bought a new position in shares of Core Natural Resources in the 1st quarter worth $31,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Core Natural Resources in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Trading Down 1.4%

Shares of Core Natural Resources stock traded down $1.04 during trading on Friday, reaching $72.77. The company's stock had a trading volume of 854,996 shares, compared to its average volume of 770,114. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.04 and a beta of 0.66. The firm's 50-day moving average is $72.08 and its two-hundred day moving average is $80.13. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data 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). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. On average, sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 57.0%. Core Natural Resources's dividend payout ratio is 8.26%.

Analysts Set New Price Targets

CNR has been the topic of a number of research analyst reports. B. Riley decreased their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. UBS Group decreased their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Finally, Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $118.60.

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.