Core Natural Resources, Inc. $CNR Shares Bought by Confluence Investment Management LLC

Key Points

• Confluence Investment Management LLC increased its stake in Core Natural Resources, Inc. by 71.0%, acquiring an additional 6,280 shares, bringing its total holdings to 15,124 shares valued at approximately $1,055,000.
• Core Natural Resources recently disclosed a dividend of $0.10 per share, with a yield of 56.0%, scheduled for payment to shareholders on September 15.
• Analysts have a consensus rating of "Moderate Buy" for Core Natural Resources, with an average price target of $105.80, despite recent earnings missing consensus estimates significantly.

Confluence Investment Management LLC grew its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 71.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,124 shares of the energy company's stock after purchasing an additional 6,280 shares during the period. Confluence Investment Management LLC's holdings in Core Natural Resources were worth $1,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $482,793,000. Dimensional Fund Advisors LP acquired a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $225,045,000. American Century Companies Inc. acquired a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $123,526,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $48,630,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $42,950,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the transaction, the director owned 23,348 shares of the company's stock, valued at $1,799,430.36. This represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. B. Riley lowered their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Finally, UBS Group upped their target price on Core Natural Resources from $86.00 to $89.00 and gave the company a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and an average target price of $106.40.

Core Natural Resources Trading Down 0.4%

Shares of Core Natural Resources stock traded down $0.28 during trading hours on Friday, reaching $76.92. 198,590 shares of the company's stock were exchanged, compared to its average volume of 920,953. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 35.28 and a beta of 0.76. The company has a fifty day moving average of $74.65 and a 200-day moving average of $72.72. 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 issued its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a dividend of $0.10 per share. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend was Friday, August 29th. Core Natural Resources's dividend payout ratio is currently 18.35%.

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.