Foster & Motley Inc. Makes New $1.49 Million Investment in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Foster & Motley Inc. has made a new investment of approximately $1.49 million in Core Natural Resources, buying 19,286 shares in the 1st quarter, according to its recent 13F filing.
• Core Natural Resources recently reported earnings of ($1.38) EPS, missing estimates significantly, but achieved revenues of $1.02 billion for the quarter.
• The company's stock has seen a 4.2% decline recently, with a market cap of $3.87 billion and a consensus rating of "Moderate Buy" from analysts.

Foster & Motley Inc. bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,286 shares of the energy company's stock, valued at approximately $1,487,000.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Core Natural Resources in the first quarter valued at $42,950,000. Bank of New York Mellon Corp acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $30,034,000. Pacer Advisors Inc. purchased a new position in Core Natural Resources during the 1st quarter worth approximately $23,003,000. Magnolia Group LLC acquired a new position in Core Natural Resources during the first quarter worth approximately $22,899,000. Finally, Goehring & Rozencwajg Associates LLC purchased a new stake in Core Natural Resources in the first quarter valued at approximately $20,729,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Down 4.2%

Shares of NYSE:CNR opened at $73.51 on Thursday. 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 quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The firm's 50-day simple moving average is $71.93 and its 200-day simple moving average is $80.98. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 15.19 and a beta of 0.68.

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

Core Natural Resources Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Benchmark lowered their price objective 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. Finally, B. Riley dropped their price objective 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Core Natural Resources currently has a consensus rating of "Moderate Buy" and an average price target of $118.60.

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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