Bank of New York Mellon Corp Makes New Investment in Core Natural Resources, Inc. $CNR

Bank of New York Mellon Corp bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 325,811 shares of the energy company's stock, valued at approximately $26,071,000. Bank of New York Mellon Corp owned approximately 0.65% of Core Natural Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GeoSphere Capital Management LLC raised its position in shares of Core Natural Resources by 41.7% in the fourth quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company's stock valued at $7,523,000 after purchasing an additional 25,000 shares during the period. Hosking Partners LLP lifted its position in Core Natural Resources by 211.5% during the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company's stock worth $6,168,000 after acquiring an additional 47,315 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in Core Natural Resources during the 4th quarter worth $9,070,000. Nwam LLC acquired a new stake in shares of Core Natural Resources in the fourth quarter worth $3,112,000. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in shares of Core Natural Resources by 6.1% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company's stock worth $26,794,000 after purchasing an additional 17,368 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Core Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Wall Street Zen raised Core Natural Resources from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. UBS Group lowered Core Natural Resources from a "buy" rating to a "neutral" rating and upped their price objective for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised Core Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and an average target price of $115.00.

Core Natural Resources Trading Down 0.5%

NYSE CNR opened at $101.17 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. Core Natural Resources, Inc. has a 52 week low of $70.36 and a 52 week high of $114.80. The stock's 50 day moving average price is $86.35 and its two-hundred day moving average price is $89.99. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 50.84 and a beta of 0.14.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping the consensus estimate of $0.60 by $1.91. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, analysts anticipate that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources's payout ratio is presently 20.10%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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