Goehring & Rozencwajg Associates LLC Invests $20.73 Million in Core Natural Resources, Inc. (NYSE:CNR)

Goehring & Rozencwajg Associates LLC bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 283,062 shares of the energy company's stock, valued at approximately $20,729,000. Core Natural Resources comprises approximately 3.8% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 8th largest position. Goehring & Rozencwajg Associates LLC owned about 0.53% of Core Natural Resources at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources during the fourth quarter valued at $26,000. Farther Finance Advisors LLC bought a new position in Core Natural Resources during the first quarter valued at $30,000. Whipplewood Advisors LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth $31,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after buying an additional 100 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNR has been the subject of a number of recent analyst reports. UBS Group lowered their target price 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. B. Riley lowered their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Benchmark dropped 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 note on Friday, May 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.40.

Core Natural Resources Stock Performance

Shares of NYSE CNR traded down $2.05 during midday trading on Monday, reaching $70.73. 862,835 shares of the company were exchanged, compared to its average volume of 1,009,075. The stock has a market cap of $3.72 billion, a P/E ratio of 14.61 and a beta of 0.68. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The stock has a fifty day simple moving average of $70.89 and a 200 day simple moving average of $88.22. 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 posted its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. On average, research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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