Comerica Bank Makes New Investment in Core Natural Resources, Inc. $CNR

Comerica Bank bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,126 shares of the energy company's stock, valued at approximately $1,937,000.

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

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock traded up $4.62 on Friday, reaching $75.38. 690,001 shares of the stock were exchanged, compared to its average volume of 661,462. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average price of $73.92 and a two-hundred day moving average price of $72.68. The firm has a market capitalization of $3.88 billion, a PE ratio of 34.58 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued 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). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given 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 presently 18.35%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNR. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. B. Riley reduced 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 report on Tuesday, July 22nd. Finally, UBS Group reaffirmed a "buy" rating and issued a $86.00 target price (up from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and a consensus price target 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.