Accurate Wealth Management LLC Makes New $1.20 Million Investment in Core Natural Resources, Inc. (NYSE:CNR)

Accurate Wealth Management LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,276 shares of the energy company's stock, valued at approximately $1,199,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD bought a new position in Core Natural Resources during the 4th quarter worth $28,790,000. Rhumbline Advisers bought a new position in shares of Core Natural Resources in the first quarter worth $9,261,000. GAMMA Investing LLC bought a new position in shares of Core Natural Resources in the first quarter worth $7,472,000. Principal Financial Group Inc. grew its stake in shares of Core Natural Resources by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after purchasing an additional 2,581 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Core Natural Resources by 40.5% in the fourth 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. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Trading Up 3.5%

Shares of NYSE CNR traded up $2.48 during mid-day trading on Friday, hitting $73.60. 1,423,864 shares of the company traded hands, compared to its average volume of 1,002,603. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 7.66 and a beta of 0.69. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $71.43 and a two-hundred day moving average of $99.03.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results 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 net margin of 12.81% and a return on equity of 23.87%. The company had revenue of $1.02 billion for 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 fiscal year.

Core Natural Resources Cuts Dividend

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

Insider Buying and Selling

In related news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNR. UBS Group began coverage on Core Natural Resources in a research note on Wednesday. They issued a "buy" rating and a $80.00 price target for the company. B. Riley decreased their price target on 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. Finally, Benchmark decreased their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.80.

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.