23,429 Shares in Core Natural Resources, Inc. $CNR Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC invested approximately $1.79 million in Core Natural Resources, acquiring 23,429 shares during the first quarter of the year.
• Research analysts have set varying price targets for Core Natural Resources, with firms like Benchmark and UBS Group recommending a "buy" rating and price targets of $105.00 and $86.00 respectively.
• Core Natural Resources recently announced a $0.10 dividend payable on September 15th, leading to a dividend yield of 56.0%.

Hsbc Holdings PLC bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,429 shares of the energy company's stock, valued at approximately $1,785,000.

Several other large investors also recently bought and sold shares of CNR. Versant Capital Management Inc purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Performance

Shares of NYSE CNR traded up $1.55 during midday trading on Friday, reaching $74.39. 643,849 shares of the stock were exchanged, compared to its average volume of 746,274. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 17.64 and a beta of 0.76. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The firm has a 50-day simple moving average of $73.46 and a two-hundred day simple moving average of $72.91. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted 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). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. As a group, analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on CNR shares. Benchmark dropped 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 report on Friday, May 9th. B. Riley dropped their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Jefferies Financial Group reissued a "hold" rating and set a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "buy" rating and issued a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Core Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources 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.