CWA Asset Management Group LLC Acquires New Position in Core Natural Resources, Inc. (NYSE:CNR)

CWA Asset Management Group LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the energy company's stock, valued at approximately $771,000.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Core Natural Resources in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Core Natural Resources during the 4th quarter worth about $26,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources in the 1st quarter valued at about $30,000. Smartleaf Asset Management LLC raised its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after acquiring an additional 100 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Core Natural Resources in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Stock Performance

NYSE CNR traded down $1.50 during trading on Tuesday, reaching $68.13. The company's stock had a trading volume of 825,473 shares, compared to its average volume of 1,003,374. The firm has a 50 day moving average price of $71.76 and a 200 day moving average price of $93.39. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.08 and a beta of 0.69. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources's dividend payout ratio is presently 8.26%.

Insider Activity

In related news, Director Holly K. Koeppel sold 8,815 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares of the company's stock, valued at $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CNR shares. B. Riley reduced their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. UBS Group began coverage on Core Natural Resources in a report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price target for the company. Finally, Benchmark decreased their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.80.

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.