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) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,568 shares of the energy company's stock, valued at approximately $2,048,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CNR. New York Life Investment Management LLC purchased a new stake in Core Natural Resources in the fourth quarter worth about $3,991,000. Proficio Capital Partners LLC bought a new stake in shares of Core Natural Resources in the 4th quarter valued at about $3,410,000. Smartleaf Asset Management LLC raised 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 valued at $31,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after purchasing an additional 170 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources during the fourth quarter valued at approximately $26,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Down 0.6%

CNR stock traded down $0.47 on Thursday, hitting $72.78. 637,106 shares of the company's stock were exchanged, compared to its average volume of 1,010,245. The firm has a 50 day moving average price of $70.96 and a two-hundred day moving average price of $90.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The stock has a market cap of $3.83 billion, a P/E ratio of 15.04 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted 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). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, equities research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CNR shares. 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. UBS Group reduced their price target on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday. Finally, B. Riley dropped their price objective on 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.40.

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.