Hi Line Capital Management LLC Takes $2.15 Million Position in Core Natural Resources, Inc. (NYSE:CNR)

Hi Line Capital Management LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,913 shares of the energy company's stock, valued at approximately $2,152,000. Hi Line Capital Management LLC owned 0.05% of Core Natural Resources as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its position in shares of Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Core Natural Resources during the first quarter worth $31,000. Institutional investors own 86.54% of the company's stock.

Wall Street Analyst Weigh In

CNR has been the subject of a number of recent research reports. Benchmark reduced 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. B. Riley dropped their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, UBS Group initiated coverage on Core Natural Resources in a research report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Core Natural Resources currently has an average rating of "Moderate Buy" and an average price target of $120.80.

Core Natural Resources Stock Performance

Shares of CNR stock traded down $0.09 on Friday, reaching $68.06. The stock had a trading volume of 1,301,838 shares, compared to its average volume of 852,990. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 14.06 and a beta of 0.69. The firm's 50-day moving average is $71.22 and its two-hundred day moving average is $91.85. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

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 (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 the consensus estimate of $964.15 million. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now directly owns 13,348 shares of the company's stock, valued at $1,005,104.40. This represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.41% of the company's stock.

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.