8,100 Shares in Core Natural Resources, Inc. (NYSE:CNR) Bought by Aquamarine Zurich AG

Aquamarine Zurich AG acquired a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,100 shares of the energy company's stock, valued at approximately $625,000. Core Natural Resources accounts for 0.2% of Aquamarine Zurich AG's investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD acquired a new position in shares of Core Natural Resources in the fourth quarter worth $28,790,000. Rhumbline Advisers acquired a new position in shares of Core Natural Resources in the first quarter worth $9,261,000. GAMMA Investing LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at $7,472,000. Barclays PLC boosted its holdings in Core Natural Resources by 158.2% in the third quarter. Barclays PLC now owns 60,521 shares of the energy company's stock worth $6,332,000 after purchasing an additional 37,080 shares in the last quarter. Finally, Hosking Partners LLP increased its position in Core Natural Resources by 71.8% during the fourth quarter. Hosking Partners LLP now owns 76,361 shares of the energy company's stock worth $10,784,000 after buying an additional 31,910 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Activity

In other news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is owned by company insiders.

Core Natural Resources Stock Performance

CNR traded up $0.73 during trading on Monday, hitting $67.82. The stock had a trading volume of 582,222 shares, compared to its average volume of 998,826. The firm has a market cap of $3.57 billion, a PE ratio of 7.06 and a beta of 0.69. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $71.29 and a 200-day simple moving average of $100.92.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted 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 net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley reduced their price target 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. Benchmark reduced their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.00.

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.