Illinois Municipal Retirement Fund Takes $2.05 Million Position in Core Natural Resources, Inc. (NYSE:CNR)

Illinois Municipal Retirement Fund acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,568 shares of the energy company's stock, valued at approximately $2,048,000.

A number of other hedge funds have also modified their holdings of the company. Yousif Capital Management LLC bought a new stake in Core Natural Resources in the 1st quarter valued at approximately $1,419,000. State of Alaska Department of Revenue acquired a new stake in shares of Core Natural Resources in the first quarter valued at approximately $2,167,000. Avior Wealth Management LLC bought a new stake in shares of Core Natural Resources in the first quarter worth $306,000. Confluence Investment Management LLC acquired a new position in Core Natural Resources during the first quarter worth $682,000. Finally, Janney Montgomery Scott LLC bought a new position in Core Natural Resources in the first quarter valued at $2,938,000. 86.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CNR shares. B. Riley cut their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark dropped their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.80.

Core Natural Resources Stock Performance

Shares of CNR opened at $68.06 on Monday. The company has a market cap of $3.58 billion, a PE ratio of 14.06 and a beta of 0.69. The firm has a 50-day moving average of $71.22 and a 200-day moving average of $90.96. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34.

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 analysts' consensus estimates of $1.74 by ($3.12). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 analysts forecast 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. Investors 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 payout ratio is presently 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.

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