Hourglass Capital LLC Purchases Shares of 87,085 Core Natural Resources, Inc. (NYSE:CNR)

Hourglass Capital LLC bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,085 shares of the energy company's stock, valued at approximately $6,714,000. Core Natural Resources accounts for 1.8% of Hourglass Capital LLC's portfolio, making the stock its 22nd largest holding. Hourglass Capital LLC owned 0.16% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CNR. Envestnet Asset Management Inc. bought a new position in shares of Core Natural Resources in the 1st quarter worth $16,650,000. Bank of New York Mellon Corp acquired a new position in Core Natural Resources in the first quarter valued at about $30,034,000. Calamos Advisors LLC bought a new position in Core Natural Resources during the first quarter worth about $7,382,000. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Core Natural Resources during the 1st quarter worth about $20,729,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Core Natural Resources during the 1st quarter worth about $20,894,000. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Up 4.5%

NYSE CNR traded up $3.28 during trading hours on Friday, reaching $75.67. 790,821 shares of the company's stock were exchanged, compared to its average volume of 912,678. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.63 and a beta of 0.68. The company's 50-day moving average is $70.69 and its two-hundred day moving average is $86.61. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. On average, analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given 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 dividend payout ratio (DPR) is currently 8.26%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNR. UBS Group reduced their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. B. Riley reduced their price target on shares of 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. Finally, Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.40.

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.