Hennion & Walsh Asset Management Inc. Purchases Shares of 9,711 Core Natural Resources, Inc. (NYSE:CNR)

Hennion & Walsh Asset Management Inc. acquired a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,711 shares of the energy company's stock, valued at approximately $749,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Core Natural Resources in the 1st quarter worth $31,000. Rhumbline Advisers acquired a new position in Core Natural Resources in the 1st quarter worth $9,261,000. GAMMA Investing LLC acquired a new position in Core Natural Resources in the 1st quarter worth $7,472,000. Quent Capital LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $66,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Buying and Selling

In other news, Director Holly K. Koeppel sold 8,815 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CNR has been the topic of a number of recent analyst reports. Benchmark cut their target price 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. UBS Group initiated coverage on shares of Core Natural Resources in a research note on Wednesday. They issued a "buy" rating and a $80.00 target price on the stock. Finally, B. Riley cut their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.80.

Core Natural Resources Stock Up 6.2%

Shares of Core Natural Resources stock traded up $4.20 during trading on Wednesday, reaching $71.58. The company had a trading volume of 1,018,316 shares, compared to its average volume of 998,590. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 7.45 and a beta of 0.69. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The firm's fifty day moving average is $71.31 and its 200-day moving average is $99.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share 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 23.87% and a net margin of 12.81%. On average, analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is 8.26%.

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.