630,744 Shares in Core Natural Resources, Inc. $CNR Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. acquired 630,744 shares of Core Natural Resources, Inc. for approximately $48.63 million, representing about 1.18% of the company's stock.
• Several hedge funds are increasing their stakes in Core Natural Resources, with Vanguard Group Inc. alone investing approximately $482.8 million, contributing to institutional investors owning 86.54% of the company.
• Analysts have varied price targets for Core Natural Resources' stock, ranging from $78.00 to $110.00, with an average target price of $105.80 indicating a consensus of a "Moderate Buy."

Charles Schwab Investment Management Inc. purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 630,744 shares of the energy company's stock, valued at approximately $48,630,000. Charles Schwab Investment Management Inc. owned about 1.18% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Core Natural Resources during the first quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources in the first quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources in the first quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources in the first quarter worth $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources in the first quarter worth $33,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analyst Weigh In

CNR has been the subject of several recent research reports. Benchmark dropped their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group restated a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. UBS Group restated a "buy" rating and issued a $86.00 target price (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, B. Riley decreased their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Stock Performance

NYSE:CNR traded up $0.30 during mid-day trading on Thursday, hitting $69.66. The stock had a trading volume of 385,955 shares, compared to its average volume of 820,841. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 31.95 and a beta of 0.66. The company has a 50 day simple moving average of $73.48 and a 200-day simple moving average of $74.25. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly 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). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a dividend yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's payout ratio is 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.