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 stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 630,744 shares of the energy company's stock, valued at approximately $48,630,000. Charles Schwab Investment Management Inc. owned approximately 1.18% of Core Natural Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Core Natural Resources in the 1st quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in Core Natural Resources in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources in the 1st quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in Core Natural Resources in the 1st quarter valued at about $31,000. Finally, TruNorth Capital Management LLC purchased a new position in Core Natural Resources in the 1st quarter valued at about $33,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Trading Down 0.0%

Shares of NYSE CNR traded down $0.03 during midday trading on Wednesday, reaching $69.81. 277,725 shares of the stock were exchanged, compared to its average volume of 967,542. The company has a 50 day simple moving average of $73.55 and a 200 day simple moving average of $74.74. The stock has a market capitalization of $3.59 billion, a P/E ratio of 32.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. 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 quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. As a group, equities analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

About Core Natural Resources

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.