Core Natural Resources, Inc. $CNR Shares Sold by Hourglass Capital LLC

Key Points

• Hourglass Capital reduced its Core Natural Resources position by 10.5% in the third quarter, selling 16,445 shares and retaining 140,006 shares valued at approximately $12.0 million. Institutional investors collectively own 86.54% of the company.
• Analyst sentiment is mixed: Zacks Research and UBS lowered their ratings, while B. Riley raised its price target to $122 and maintained a Buy rating. The stock has a consensus rating of Hold and an average target price of $113.50.
• Core Natural Resources reported quarterly earnings of $2.51 per share, well above the $0.60 consensus estimate, on $1.14 billion in revenue. The company also pays a quarterly dividend of $0.10, equivalent to a 0.5% annual yield.

Hourglass Capital LLC reduced its position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,006 shares of the energy company's stock after selling 16,445 shares during the quarter. Core Natural Resources makes up about 2.5% of Hourglass Capital LLC's investment portfolio, making the stock its 5th biggest holding. Hourglass Capital LLC owned approximately 0.28% of Core Natural Resources worth $12,018,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Goehring & Rozencwajg Associates LLC grew its position in Core Natural Resources by 134.0% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company's stock worth $74,172,000 after purchasing an additional 405,505 shares during the last quarter. Encompass Capital Advisors LLC boosted its stake in shares of Core Natural Resources by 122.2% during the 1st quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company's stock worth $52,365,000 after acquiring an additional 275,000 shares in the last quarter. First Trust Advisors LP increased its stake in Core Natural Resources by 2.8% in the 1st quarter. First Trust Advisors LP now owns 334,574 shares of the energy company's stock worth $35,040,000 after purchasing an additional 9,156 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Core Natural Resources during the second quarter valued at approximately $26,071,000. Finally, Baird Financial Group Inc. boosted its position in Core Natural Resources by 4.4% during the 2nd quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company's stock worth $20,889,000 after acquiring an additional 10,911 shares during the period. Institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CNR. Zacks Research lowered Core Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Weiss Ratings upgraded Core Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. B. Riley Financial raised their price target on shares of Core Natural Resources from $118.00 to $122.00 and gave the stock a "buy" rating in a research report on Monday. Finally, UBS Group lowered Core Natural Resources from a "buy" rating to a "neutral" rating and upped their target price for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $113.50.

Core Natural Resources Price Performance

Core Natural Resources stock opened at $88.52 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. The firm has a market cap of $4.39 billion, a P/E ratio of 44.48 and a beta of 0.25. Core Natural Resources, Inc. has a 52 week low of $74.75 and a 52 week high of $114.80. The business's fifty day moving average is $93.27 and its two-hundred day moving average is $91.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $1.91. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 31st. Core Natural Resources's payout ratio is presently 20.10%.

Core Natural Resources Company Profile

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.

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