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Allspring Global Investments Holdings LLC Makes New Investment in Core Natural Resources, Inc. (NYSE:CNR)

Core Natural Resources logo with Energy background

Allspring Global Investments Holdings LLC purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 148,876 shares of the energy company's stock, valued at approximately $11,600,000. Allspring Global Investments Holdings LLC owned about 0.28% of Core Natural Resources at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CNR. Yousif Capital Management LLC acquired a new position in Core Natural Resources in the first quarter worth $1,419,000. Janney Montgomery Scott LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at about $2,938,000. State of Alaska Department of Revenue acquired a new position in shares of Core Natural Resources in the 1st quarter valued at about $2,167,000. Avior Wealth Management LLC acquired a new position in Core Natural Resources in the first quarter worth approximately $306,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Core Natural Resources during the first quarter valued at approximately $2,048,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 2.8%

Shares of NYSE:CNR traded down $2.05 during trading on Monday, hitting $70.73. 862,835 shares of the company's stock traded hands, compared to its average volume of 949,521. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 14.61 and a beta of 0.68. The company has a 50-day moving average price of $70.81 and a 200-day moving average price of $87.75.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. As a group, research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Benchmark reduced their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group cut their price target on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a report on Thursday. Finally, B. Riley lowered their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Core Natural Resources has an average rating of "Moderate Buy" and an average target price of $120.40.

Check Out Our Latest Stock Report on CNR

Core Natural Resources Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Core Natural Resources (NYSE:CNR)

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