Caption Management LLC Buys Shares of 24,761 Core Natural Resources, Inc. $CNR

Key Points

• Caption Management LLC acquired a new stake in Core Natural Resources, Inc. (CNR), purchasing 24,761 shares valued at approximately $1.9 million in the first quarter of 2023.
• Core Natural Resources reported a loss of $0.70 per share, falling short of analysts' expectations of $1.31, while generating $1.1 billion in revenue for the quarter.
• The company announced a $0.10 dividend to be paid on September 15, 2023, with an ex-dividend date of August 29, representing a significant dividend yield of 56.0%.

Caption Management LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,761 shares of the energy company's stock, valued at approximately $1,909,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Core Natural Resources during the 1st quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources during the 1st quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in Core Natural Resources during the 1st quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC acquired a new position in Core Natural Resources during the 1st quarter worth approximately $33,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CNR. B. Riley dropped their target price on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Benchmark lowered their price target on 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 restated a "buy" rating and issued a $86.00 price target (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Price Performance

Shares of CNR traded up $4.62 on Friday, reaching $75.38. The stock had a trading volume of 690,001 shares, compared to its average volume of 664,346. The firm has a market capitalization of $3.88 billion, a PE ratio of 34.58 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $73.92 and a 200 day moving average of $72.78. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. Sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date is Friday, August 29th. Core Natural Resources's dividend payout ratio is 18.35%.

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.