Financial Strategies Group Inc. Buys Shares of 15,240 Core Natural Resources, Inc. $CNR

Key Points

• Financial Strategies Group Inc. has acquired 15,240 shares of Core Natural Resources, Inc. valued at approximately $1.1 million during the first quarter, reflecting growing interest from institutional investors.
• Core Natural Resources reported a Q2 loss of $0.70 EPS, missing estimates, but had higher-than-expected revenue of $1.1 billion.
• A dividend of $0.10 per share was announced, with a dividend yield of 56.0%, set to be paid on September 15th to stockholders of record on September 1st.

Financial Strategies Group Inc. bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,240 shares of the energy company's stock, valued at approximately $1,127,000.

A number of other institutional investors have also recently added to or reduced their stakes in CNR. Captrust Financial Advisors acquired a new stake in Core Natural Resources in the fourth quarter worth approximately $241,000. Public Employees Retirement System of Ohio acquired a new position in Core Natural Resources during the fourth quarter worth about $706,000. Confluence Investment Management LLC bought a new stake in Core Natural Resources in the first quarter worth about $682,000. Versant Capital Management Inc acquired a new stake in Core Natural Resources in the 1st quarter valued at about $25,000. Finally, Quent Capital LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at about $66,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Price Performance

Shares of NYSE CNR traded up $0.14 during trading on Wednesday, hitting $72.62. The company had a trading volume of 454,814 shares, compared to its average volume of 937,976. The company has a market cap of $3.74 billion, a P/E ratio of 33.31 and a beta of 0.76. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The business's 50-day moving average is $74.13 and its 200 day moving average is $72.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results 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). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date of this dividend is Friday, August 29th. Core Natural Resources's payout ratio is 18.35%.

Analysts Set New Price Targets

A number of analysts recently commented on CNR shares. Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. UBS Group reaffirmed a "buy" rating and issued a $86.00 price target (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Finally, B. Riley dropped their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.80.

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.