Invesco Ltd. Takes Position in Core Natural Resources, Inc. $CNR

Key Points

• Invesco Ltd. acquired a stake of 268,556 shares in Core Natural Resources, valued at approximately $20.7 million, during the 1st quarter, resulting in ownership of 0.50% of the company.
• Core Natural Resources reported a loss of $0.70 EPS for the last quarter, missing analyst expectations, while revenue beat estimates at $1.10 billion.
• Several institutional investors have established new positions in Core Natural Resources, with institutional and hedge fund ownership currently at 86.54% of the company's stock.

Invesco Ltd. acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 268,556 shares of the energy company's stock, valued at approximately $20,706,000. Invesco Ltd. owned 0.50% of Core Natural Resources as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Core Natural Resources during the first quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources during the first quarter worth $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources during the first quarter worth $30,000. Whipplewood Advisors LLC acquired a new position in Core Natural Resources during the first quarter worth $31,000. Finally, TruNorth Capital Management LLC acquired a new position in Core Natural Resources during the first quarter worth $33,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Trading Down 1.2%

Core Natural Resources stock traded down $0.90 during midday trading on Tuesday, hitting $71.97. 51,642 shares of the stock were exchanged, compared to its average volume of 957,538. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 33.01 and a beta of 0.66. The stock's 50-day simple moving average is $73.45 and its 200 day simple moving average is $73.24. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. On average, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on CNR. Jefferies Financial Group restated a "hold" rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. UBS Group reiterated a "buy" rating and issued a $86.00 target price (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Benchmark reduced their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, B. Riley reduced their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.80.

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.