Cetera Investment Advisers Purchases New Shares in Core Natural Resources, Inc. $CNR

Key Points

• Cetera Investment Advisers has taken a new position worth approximately $571,000 in Core Natural Resources, Inc., purchasing 7,410 shares during the first quarter.
• Despite recent purchases by multiple institutional investors, Core Natural Resources' stock is currently trending down, with a 4.8% decline in value.
• Wall Street analysts have mixed ratings for Core Natural Resources, with recent price targets ranging from $78.00 to $110.00, indicating a general sentiment of "Moderate Buy."

Cetera Investment Advisers purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,410 shares of the energy company's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $20,894,000. Amalgamated Bank acquired a new stake in Core Natural Resources during the 1st quarter worth $1,120,000. Yousif Capital Management LLC acquired a new stake in Core Natural Resources during the 1st quarter worth $1,419,000. Allspring Global Investments Holdings LLC acquired a new position in Core Natural Resources in the first quarter valued at $11,600,000. Finally, State of Alaska Department of Revenue acquired a new position in Core Natural Resources in the first quarter valued at $2,167,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research 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 research note on Friday, May 9th. B. Riley dropped their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Jefferies Financial Group reissued a "hold" rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, UBS Group reissued a "buy" rating and set a $86.00 price objective (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Trading Down 0.5%

Shares of Core Natural Resources stock traded down $0.38 during trading hours on Wednesday, hitting $69.46. The company's stock had a trading volume of 705,537 shares, compared to its average volume of 822,683. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The business has a fifty day moving average of $73.51 and a 200 day moving average of $74.70. The company has a market capitalization of $3.58 billion, a PE ratio of 31.86 and a beta of 0.66. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.10 per share. This represents a yield of 57.0%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's dividend payout ratio (DPR) is presently 18.35%.

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.