Federated Hermes Inc. Buys New Stake in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Federated Hermes Inc. acquired a new stake of 146,406 shares in Core Natural Resources, Inc., valued at approximately $11.3 million, representing about 0.27% ownership as of the latest SEC filing.
• Analysts have adjusted price targets for Core Natural Resources, with Benchmark lowering it from $112 to $105, and maintaining a "buy" rating, while the average price target is currently $118.60.
• Core Natural Resources recently reported a quarterly EPS of ($1.38), missing estimates, alongside a revenue of $1.02 billion exceeding expectations, while it has declared a dividend yielding 57.0%.

Federated Hermes Inc. bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 146,406 shares of the energy company's stock, valued at approximately $11,288,000. Federated Hermes Inc. owned approximately 0.27% of Core Natural Resources as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in Core Natural Resources during the first quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Core Natural Resources in the 1st quarter worth $29,000. Farther Finance Advisors LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth $31,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth $33,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNR has been the subject of a number of recent research reports. Benchmark dropped their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. UBS Group dropped their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Finally, B. Riley dropped their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.60.

Core Natural Resources Price Performance

CNR stock opened at $72.77 on Friday. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $72.08 and a 200 day moving average price of $80.13. The stock has a market cap of $3.83 billion, a PE ratio of 15.04 and a beta of 0.66.

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

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 57.0%. Core Natural Resources's dividend payout ratio (DPR) is presently 8.26%.

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.

Want to see what other hedge funds are holding CNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Core Natural Resources, Inc. (NYSE:CNR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.