Accurate Wealth Management LLC Buys New Shares in Core Natural Resources, Inc. (NYSE:CNR)

Accurate Wealth Management LLC purchased a new stake 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 purchased 16,276 shares of the energy company's stock, valued at approximately $1,199,000.

A number of other large investors have also added to or reduced their stakes in CNR. Louisiana State Employees Retirement System boosted its position in shares of Core Natural Resources by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Core Natural Resources by 40.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock worth $12,555,000 after purchasing an additional 25,306 shares in the last quarter. Rhumbline Advisers lifted its stake in Core Natural Resources by 4.0% in the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company's stock valued at $6,500,000 after purchasing an additional 1,787 shares during the last quarter. Principal Financial Group Inc. grew its position in Core Natural Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after acquiring an additional 2,581 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Core Natural Resources in the fourth quarter valued at $253,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CNR shares. B. Riley decreased their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group assumed coverage on Core Natural Resources in a research note on Wednesday. They set a "buy" rating and a $80.00 price target for the company. Finally, Benchmark dropped their target price on 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $120.80.

Core Natural Resources Price Performance

CNR stock traded up $3.15 during mid-day trading on Friday, reaching $74.27. 511,481 shares of the company traded hands, compared to its average volume of 993,876. 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 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company has a market capitalization of $3.91 billion, a P/E ratio of 7.73 and a beta of 0.69. The company has a fifty day moving average price of $71.43 and a 200-day moving average price of $99.03.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $964.15 million. As a group, analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio is currently 8.26%.

Insider Activity

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

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.