Amalgamated Bank Makes New Investment in Core Natural Resources, Inc. (NYSE:CNR)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD purchased a new stake in Core Natural Resources during the 4th quarter valued at about $28,790,000. Skylands Capital LLC purchased a new stake in Core Natural Resources during the 1st quarter valued at about $18,653,000. Allspring Global Investments Holdings LLC purchased a new stake in Core Natural Resources during the 1st quarter valued at about $11,600,000. Rhumbline Advisers purchased a new stake in Core Natural Resources during the 1st quarter valued at about $9,261,000. Finally, GAMMA Investing LLC purchased a new stake in Core Natural Resources during the 1st quarter valued at about $7,472,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark dropped their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. UBS Group dropped their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Finally, B. Riley dropped their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a 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. Based on data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and a consensus price target of $120.40.

Core Natural Resources Stock Performance

Shares of NYSE:CNR traded up $3.28 during trading on Friday, hitting $75.67. The company's stock had a trading volume of 790,821 shares, compared to its average volume of 912,678. The company has a 50-day moving average of $70.69 and a 200-day moving average of $86.61. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 15.63 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $964.15 million. On average, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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

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.