Janney Montgomery Scott LLC Takes Position in Core Natural Resources, Inc. (NYSE:CNR)

Janney Montgomery Scott LLC bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 38,111 shares of the energy company's stock, valued at approximately $2,938,000. Janney Montgomery Scott LLC owned 0.07% of Core Natural Resources as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Core Natural Resources during the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources during the 4th quarter valued at $26,000. Farther Finance Advisors LLC purchased a new stake in Core Natural Resources during the 1st quarter worth $30,000. Smartleaf Asset Management LLC lifted its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after buying an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Core Natural Resources in the 1st quarter worth $31,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Price Performance

CNR traded down $1.01 on Wednesday, reaching $67.12. The company had a trading volume of 796,555 shares, compared to its average volume of 1,001,641. The company has a market capitalization of $3.53 billion, a P/E ratio of 13.87 and a beta of 0.69. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $71.64 and a 200-day moving average of $93.21. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59.

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). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. As a group, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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

Insider Activity

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the company's 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 completion of the sale, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CNR shares. B. Riley reduced 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. UBS Group started coverage on Core Natural Resources in a research note on Wednesday, June 11th. They issued a "buy" rating and a $80.00 target price for the company. Finally, Benchmark reduced their price objective on 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $120.80.

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.