Dimensional Fund Advisors LP Takes Position in Core Natural Resources, Inc. $CNR

Key Points

• Dimensional Fund Advisors LP has invested approximately $225.05 million in Core Natural Resources, acquiring 2,918,878 shares and representing about 5.46% of the company's stock.
• Several other institutional investors have also made significant investments in Core Natural Resources, with holdings exceeding 86.54% of the stock owned by hedge funds and institutional investors.
• Core Natural Resources reported a loss of ($0.70) earnings per share for the last quarter, missing the consensus estimate by $2.01, despite revenue surpassing analysts' expectations.

Dimensional Fund Advisors LP acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,918,878 shares of the energy company's stock, valued at approximately $225,045,000. Dimensional Fund Advisors LP owned about 5.46% of Core Natural Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth about $33,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 3.5%

Shares of CNR traded up $2.47 during mid-day trading on Friday, hitting $72.22. 756,043 shares of the company's stock were exchanged, compared to its average volume of 805,253. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 33.13 and a beta of 0.66. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The stock's 50-day moving average is $73.46 and its 200-day moving average is $73.40.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. On average, sell-side 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 disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a $0.10 dividend. This represents a dividend yield of 56.0%. The ex-dividend date is Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) is presently 18.35%.

Analyst Upgrades and Downgrades

CNR has been the subject of a number of recent analyst reports. UBS Group reissued a "buy" rating and set a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. B. Riley cut their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Jefferies Financial Group reissued a "hold" rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Finally, Benchmark reduced their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.80.

Core Natural Resources 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.