50,440 Shares in Core Natural Resources, Inc. $CNR Purchased by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board has acquired 50,440 shares of Core Natural Resources, Inc., valued at approximately $3,889,000, indicating strong institutional interest in the energy sector.
• Core Natural Resources reported a loss of ($0.70) EPS for the latest quarter, significantly missing analysts' expectations, despite revenue exceeding estimates.
• The company announced a $0.10 dividend with a yield of 56.0%, highlighting a commitment to returning value to shareholders despite recent financial performance challenges.

Canada Pension Plan Investment Board bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,440 shares of the energy company's stock, valued at approximately $3,889,000. Canada Pension Plan Investment Board owned approximately 0.09% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in Core Natural Resources in the first quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Core Natural Resources in the first quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new stake in Core Natural Resources in the first quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources during the first quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources during the first quarter valued at approximately $33,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNR. UBS Group restated a "buy" rating and set a $86.00 price objective (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. B. Riley cut their target price 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, Jefferies Financial Group reissued a "hold" rating and issued a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Stock Performance

Shares of NYSE CNR traded down $0.37 during trading on Tuesday, reaching $72.68. 76,359 shares of the stock traded hands, compared to its average volume of 938,711. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. The company has a 50-day moving average of $73.99 and a 200-day moving average of $72.65. The stock has a market capitalization of $3.74 billion, a P/E ratio of 33.34 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors 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 18.35%.

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.