Core Natural Resources, Inc. $CNR Stake Reduced by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 81.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,649 shares of the energy company's stock after selling 15,637 shares during the quarter. Foster & Motley Inc.'s holdings in Core Natural Resources were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hourglass Capital LLC grew its stake in Core Natural Resources by 4.5% during the 2nd quarter. Hourglass Capital LLC now owns 91,025 shares of the energy company's stock worth $6,348,000 after buying an additional 3,940 shares during the last quarter. Vest Financial LLC bought a new position in Core Natural Resources during the 2nd quarter worth $1,099,000. Vanguard Personalized Indexing Management LLC boosted its position in Core Natural Resources by 4.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company's stock worth $321,000 after acquiring an additional 214 shares during the period. Hudson Value Partners LLC acquired a new position in Core Natural Resources during the 2nd quarter worth $449,000. Finally, SummerHaven Investment Management LLC boosted its position in Core Natural Resources by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company's stock worth $554,000 after acquiring an additional 190 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Richard A. Navarre sold 5,000 shares of the company's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares of the company's stock, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO John Rothka sold 1,000 shares of the company's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the chief accounting officer directly owned 10,307 shares of the company's stock, valued at approximately $979,165. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,043 shares of company stock valued at $740,524 over the last three months. Insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. B. Riley reduced their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Zacks Research upgraded Core Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, UBS Group boosted their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Core Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $119.10.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock opened at $89.65 on Monday. 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 company's 50-day moving average price is $79.61 and its two-hundred day moving average price is $74.84. 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 cap of $4.61 billion, a PE ratio of 41.12 and a beta of 0.70.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.04 billion. As a group, sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued 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%.

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.

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