Advisors Asset Management Inc. Invests $3.81 Million in Core Natural Resources, Inc. $CNR

Key Points

• Advisors Asset Management Inc. has invested approximately $3.81 million in shares of Core Natural Resources, acquiring 49,432 shares, which represents 0.09% ownership of the company.
• Core Natural Resources has received mixed analyst ratings, with a current consensus rating of "Moderate Buy" and an average price target of $105.80, indicating room for potential upside.
• The company recently announced a $0.10 dividend with a yield of 56.0%, payable on September 15th, and has a dividend payout ratio of 18.35%.

Advisors Asset Management Inc. bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 49,432 shares of the energy company's stock, valued at approximately $3,811,000. Advisors Asset Management Inc. owned 0.09% of Core Natural Resources as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Core Natural Resources during the first quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Core Natural Resources during the first quarter worth approximately $29,000. Farther Finance Advisors LLC acquired a new position in shares of Core Natural Resources during the first quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at $31,000. Finally, TruNorth Capital Management LLC bought a new position in Core Natural Resources during the 1st quarter valued at $33,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNR has been the subject of several recent analyst reports. B. Riley reduced their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Benchmark decreased their price objective on shares of 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. Finally, UBS Group restated a "buy" rating and issued a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.80.

Core Natural Resources Stock Up 6.5%

Shares of NYSE:CNR opened at $75.38 on Friday. The company has a market capitalization of $3.88 billion, a PE ratio of 34.58 and a beta of 0.76. 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 business has a fifty day moving average price of $73.92 and a two-hundred day moving average price of $72.78. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59.

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

Core Natural Resources Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date is Friday, August 29th. 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.

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