Amalgamated Bank Takes $1.12 Million Position in Core Natural Resources, Inc. (NYSE:CNR)

Amalgamated Bank bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,531 shares of the energy company's stock, valued at approximately $1,120,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources during the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its stake in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after acquiring an additional 170 shares during the period. Versant Capital Management Inc acquired a new stake in Core Natural Resources during the first quarter worth about $25,000. Finally, Farther Finance Advisors LLC acquired a new stake in Core Natural Resources during the first quarter worth about $30,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Stock Performance

NYSE CNR traded down $0.33 on Wednesday, hitting $69.14. The stock had a trading volume of 497,835 shares, compared to its average volume of 1,002,547. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 14.29 and a beta of 0.68. The company's 50-day moving average is $70.70 and its two-hundred day moving average is $87.62.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted 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). 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 return on equity of 8.32% and a net margin of 4.29%. On average, analysts expect 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 was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.10 dividend. 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 presently 8.26%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. B. Riley dropped their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. UBS Group dropped 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. Finally, Benchmark dropped their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Core Natural Resources has an average 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.